More than $1 billion in leveraged crypto positions have been wiped out in the past 24 hours, putting traders through another brutal market shakeout. The timing is raising eyebrows, too. The largest liquidation event reportedly happened almost exactly one year ago, bringing back memories of how quickly excessive leverage can turn a market move into a full scale wipeout. When prices move sharply against crowded positions, exchanges automatically close leveraged trades, adding more buying or selling pressure and accelerating volatility. #BTC Price Analysis# #BTC Above 60K# $BTC $ETH