The crypto market just witnessed a bloodbath. In the past 24 hours alone, liquidations hit a staggering $636 million. Long positions took the hardest punch—$567.35 million evaporated. Shorts didn't escape unscathed either, losing $69.54 million. This kind of leverage washout shows how volatile things remain. Traders betting on upward momentum clearly got caught off guard.
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The crypto market just witnessed a bloodbath. In the past 24 hours alone, liquidations hit a staggering $636 million. Long positions took the hardest punch—$567.35 million evaporated. Shorts didn't escape unscathed either, losing $69.54 million. This kind of leverage washout shows how volatile things remain. Traders betting on upward momentum clearly got caught off guard.