Major cryptocurrency exchanges witnessed significant volatility as over $712 million in liquidations occurred within a single day, according to CoinGlass data. The cascading losses hit major players like Bitcoin and Ethereum, particularly affecting leveraged positions. Binance, Bybit, and OKX were among the platforms most impacted by this price fluctuation. 🕵️♂️ CoinGlass reveals that the largest single-day loss exceeded $2.2 billion in market value, highlighting the significant impact of volatility on crypto trading. Long and short positions across various digital currencies were significantly affected, with Dogecoin also experiencing notable liquidation. 📈 The event triggered a decline in investor confidence and caution among participants as immediate reactions underscore the importance of risk management in the volatile crypto market.