Record $19B Liquidated in Crypto Market Crash
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The recent sell-off triggered by geopolitical tensions wiped out $19.31 billion in positions in just 24 hours. More than 1.6 million traders were liquidated, with long positions taking $16.82 billion in losses.
Bitcoin led the liquidations with $5.37 billion lost, followed by Ethereum ($4.43B), Solana ($2B), and other altcoins. Decentralized exchange Hyperliquid processed over half of the total liquidations.
#CryptoCrash #Liquidations #Bitcoin #Ethereum
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A $19B liquidation event shows how leveraged the market had become. Too much greed before a major correction.