ALPACA Network Experiences Largest Crypto Liquidations of $50M

A recent event on the ALPACA Network has generated significant attention in the cryptocurrency market, with over $50 million in liquidations surpassing Bitcoin’s trading volume for the same period. This surge highlights the inherent risks associated with leveraged trading during periods of heightened volatility. 24-hour data from Coinglass reveals that these massive liquidations stemmed predominantly from short positions, impacting traders heavily.