CandleFocus Massive Liquidations in the Crypto Market: $218M Wiped in 24 Hours In BTC, ETH Among Others
2024-10-09
Author: Content Editor
The crypto market experienced significant fluctuations in the past 24 hours, resulting in the liquidation of $218.71 million. Over 68,155 traders were liquidated on various platforms, with Binance seeing the highest volume of liquidations totaling $260.39 million. The majority of these liquidations were in short positions. BTC and ETH were the most affected cryptocurrencies, with $61.68 million and $51.36 million liquidated respectively. Other tokens, including meme coins like DOGE and lesser-known coins like WIF and Mew, also faced substantial losses. These liquidations highlight the risks associated with leveraged trading and the importance of caution in this volatile market. Traders are advised to carefully consider their positions as market dynamics continue to evolve.
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