#cascading-sells News & Analysis

$1.36 Billion Wiped Out of the Crypto Market After a Brutal 24-Hour Flush

The cryptocurrency market experienced a severe liquidation cascade over 24 hours, with $1.28–$1.36 billion in trader positions forcibly closed. Long positions bore the brunt of losses at approximately $996 million, while Bitcoin and Ethereum accounted for over $830 million of total liquidations across more than 264,000 affected traders.