The cryptocurrency market experienced significant liquidations over the past 24 hours, totaling $582.46 million. Bitcoin led the liquidations, with $87.16 million wiped out, followed by XRP with $75.43 million. Ethereum ranked third with $58.95 million. Other notable liquidations included Tron with $32.56 million and Solana with $21.88 million. The liquidations were spread across various exchanges, with Binance leading at $231.59 million. Short traders were hit the hardest, with a higher ratio of liquidations compared to long positions. The liquidations highlight the importance of risk management for traders in the volatile crypto market. It is advised for traders to monitor various factors, such as macroeconomics, regulations, and on-chain data, for informed decision-making.



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