$514 Million Liquidation Occurred in the Crypto Market

Major Turmoil in Crypto Markets

In the last 24 hours, crypto markets have witnessed a significant leverage reset, with $514 million worth of positions being liquidated. Of this liquidation, $376 million was from long positions. This situation indicates that investors have high expectations for ongoing market gains.

Binance, Hyperliquid, and Bybit were the exchange platforms most affected by the forced closures, accounting for 72% of total liquidations.