$404M Liquidated as Over 107K Traders Get Rekt

• $404 million liquidated in the last 24 hours.
• 107,598 traders lost their positions.
• Market volatility triggers sharp liquidations.

In just 24 hours, the crypto market witnessed a brutal wave of liquidations, wiping out $404 million across major exchanges. According to on-chain data, 107,598 traders were forced to close their positions as volatility spiked sharply.

This event highlights how fast the tide can turn in the world of crypto trading, especially for those using leverage. Bitcoin and other altcoins saw swift price swings, catching many traders off guard and triggering automatic liquidations.

What Caused the Liquidation Wave?

While no single event can be blamed, several factors contributed to this sharp shakeout. Rapid price corrections, combined with high leverage positions, often create a domino effect of forced sell-offs. The largest single liquidation came from a Binance ETH/USDT trade worth over $6 million, underlining how risky leveraged trading can be during uncertain market conditions.

This scenario serves as a reminder for traders to manage risk carefully, especially when markets are unpredictable. Many new traders often get “rekt” due to the temptation of high returns from leveraged trading, forgetting how quickly losses can mount.

Lessons for Traders Amid Volatility

The liquidation of over 107,000 traders is not just a number—it’s a stark warning. In times of high volatility, it’s crucial to:

• Avoid excessive leverage
• Set stop-losses to manage downside
• Stay updated with market news

Market shakeouts like this are part of the crypto cycle. However, understanding the risks and preparing accordingly can help traders stay in the game longer.

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