$348M Liquidated from Crypto Market in 24 Hours
Over $348 million liquidated in a day, affecting 118K traders. ETH-USDT saw the largest single liquidation at $2.68M.
- $348M in crypto liquidations hit the market in 24 hours
- 118,301 traders were affected by the sudden move
- Largest loss: $2.68M ETH-USDT position on HTX
Volatility Strikes: Massive Crypto Liquidation Hits Traders
In the past 24 hours, the crypto market experienced a sharp shakeout with a massive crypto market liquidation totaling over $348 million. According to data across major exchanges, 118,301 traders saw their positions wiped out due to rapid price swings.
Liquidations occur when leveraged positions are automatically closed by exchanges after traders fail to meet margin requirements. These events are common in crypto, where volatility is frequent—but this particular wave hit harder than usual.
Largest Loss: ETH-USDT Position on HTX
Among all the wiped positions, the most significant single liquidation came from an Ethereum/USDT trade on HTX, worth $2.68 million. This points to high leverage being used in Ethereum trades—a risky move in uncertain market conditions.
While Ethereum has been gaining institutional interest, as seen in recent trends, high leverage in volatile moments can backfire dramatically. The ETH-USDT trade on HTX serves as a strong reminder of the risks associated with margin trading.
What This Means for Traders
Such massive liquidations often come during or right before price corrections, leading to a domino effect as one liquidation triggers another. For traders, this is a crucial moment to review risk management strategies, especially when markets are heating up or trending sharply.
This event also highlights the thin line between profit and loss in crypto. Leveraged trading may seem attractive, but without proper stops and margin controls, it can lead to significant losses in just hours.
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