šØ $674M Crypto Liquidations Hit the Market
Leverage took another heavy hit across the crypto market.
According to CoinGlass data reported today, roughly $674 million in leveraged positions were liquidated within 24 hours, with long positions making up the larger portion of the losses.
Meanwhile, $BTC has been trading near the $77K level, as profit-taking, market volatility and changing Fed expectations continue to influence risk assets.
Large liquidation waves can remove excessive leverage from the market, but they can also increase short-term volatility and trigger faster price moves.
ā ļø High leverage = high risk
š Volatility is rising
š Traders are watching BTCās next move closely
#CryptoLiquidations #BTCāļø #CryptoMarkets #bitcoin #BinanceSquareTalks #Write2Earn
Leverage took another heavy hit across the crypto market.
According to CoinGlass data reported today, roughly $674 million in leveraged positions were liquidated within 24 hours, with long positions making up the larger portion of the losses.
Meanwhile, $BTC has been trading near the $77K level, as profit-taking, market volatility and changing Fed expectations continue to influence risk assets.
Large liquidation waves can remove excessive leverage from the market, but they can also increase short-term volatility and trigger faster price moves.
ā ļø High leverage = high risk
š Volatility is rising
š Traders are watching BTCās next move closely
#CryptoLiquidations #BTCāļø #CryptoMarkets #bitcoin #BinanceSquareTalks #Write2Earn
