CandleFocus

$ETH Drives $231.82M in Liquidations as Total Market Losses Reach $1.59B in 24 Hours

In the last 24 hours, the cryptocurrency market experienced $1.59 billion in liquidations, with Ethereum (ETH) leading the pack with $231.82 million. Over 533,234 traders were wiped out, making it a highly turbulent trading day. The liquidated Ethereum positions amounted to roughly 61.64K ETH, highlighting its weaknesses in the market crash. BTC was the second most liquidated asset, with $175.72 million or 1.8K BTC. Top altcoins like Dogecoin (DOGE) also saw significant liquidations, demonstrating the risks of trading meme coins during high volatility. Other assets, including Ripple's XRP, Solana (SOL), and Cardano (ADA), also suffered liquidations. Binance, OKX, and Bybit were the exchanges with the highest liquidation figures. These losses serve as a reminder to traders of the dangers of leveraged trading during volatile times.

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