Crypto Market Sees Massive Liquidations: $414 Million Swings Impact 128,000 Traders

The cryptocurrency market experienced a substantial wave of liquidations over the past 24 hours, resulting in a loss of $414.8 million for 128,259 traders. This dramatic price movement was largely driven by Bitcoin and Ethereum, the most heavily affected cryptocurrencies, with their high volatility leading to margin calls for many leveraged positions. Platforms like Binance, OKX, and Bybit saw significant liquidation volumes within minutes, reflecting the market’s heightened sensitivity to even subtle shifts in sentiment or news. 128,259 traders were impacted by this sudden market shift.