Crypto Market Liquidations Reach $1.18 Billion Amidst Bitcoin & Ethereum Drops

A significant market disruption occurred as cryptocurrency liquidations reached a staggering $1.18 billion in the past 24 hours, primarily impacting Bitcoin and Ethereum due to heavy long positions. This surge highlights the volatility of the crypto market, especially fueled by high leverage trading activity across major exchanges. Analysts warn that these recent liquidation events signal potential market cycle tops.