The crypto market experienced a significant downturn on Monday, with over $1.38 billion in liquidations within the past 24 hours. This marks one of the largest single-day liquidations in crypto history, coinciding with broader market volatility in global trade and finance. As Bitcoin’s price plummeted by 10%, the broader cryptocurrency landscape saw a surge in selling pressure, leading to major altcoin drops exceeding 15%. Data from Coinglass reveals that nearly $1.24 billion of long positions and $145 million of short positions were liquidated in total. Bitcoin accounted for approximately $474.12 million of the liquidation amount, followed by Ethereum with $392.97 million. 💸 📈 Bybit emerged as the leading crypto exchange for liquidations, with a whopping $558.80 million recorded – accounting for nearly 60% of the total amount lost. Binance took second place, losing $284.05 million.