In a significant market event, short orders triggered $188 million in liquidations across major exchanges over the past 24 hours. This activity predominantly affected both Bitcoin and Ethereum markets without comment from key exchange figures or project leaders. Institutional traders are believed to be heavily involved, contributing to significant price drops for ETH and BTC. While detailed statements haven’t been released by prominent players like exchanges, Bitcoin saw $36.6 million in liquidations, while Ethereum experienced $43.4 million losses. This event has the potential to trigger increased volatility in the market, as seen historically with similar events impacting prices during periods of extreme volatility.