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Market Liquidation Snapshot
A total of 93,004 traders faced liquidation within the past 24 hours, with combined losses hitting $217.26M across various platforms. The single largest hit came from the BTC-USD pair on Hyperliquid, where a trader took a $2.09M liquidation blow. These figures reflect the high-risk nature of leveraged trading in the crypto market, particularly during volatile price swings. BTC remains a hotspot for large-scale liquidations due to its prominent role in derivatives trading and significant position sizes that traders maintain.