Crypto Market Liquidations Surge to $628M as Trading Volume Spikes

Recent cryptocurrency market data reveals a significant increase in liquidations, reaching $628 million over the past 24 hours. This event saw over 130,000 traders affected across major exchanges like Binance, OKX, and Bybit. These liquidations highlight crypto’s inherent volatility and its sensitivity to broader market trends. The largest losses were concentrated in Bitcoin (BTC), which experienced $215 million in liquidation, while Ethereum (ETH) suffered approximately $113 million in losses. This event underscores the importance of navigating market fluctuations with caution, particularly for those engaging in leveraged trading.