More than $1.03 billion in leveraged crypto positions were wiped out over the past 24 hours, underscoring how quickly downside volatility can cascade through derivatives markets when traders lean too heavily into directional bets. The bulk of the damage hit bullish traders, suggesting expectations for a near-term rebound were overwhelmed by renewed selling pressure.
Data aggregated from CoinGlass showed roughly $1.034 billion in total liquidations across major cryptoassets in the past day, with long liquidations accounting for about $795.6 million and shorts about $239.0 million. That put… Read more






