Crypto Liquidation Hits $541 Million Amidst BTC and ETH Volatility

The crypto market experienced a significant surge in liquidations, reaching $541 million over the past 24 hours. This wave of forced closures primarily stemmed from short positions within Bitcoin and Ethereum markets. A substantial $284 million in BTC and $308 million in ETH were liquidated, according to exchange data, highlighting the volatility experienced by these major cryptocurrencies. The sudden market shifts have impacted traders significantly. Many faced forced liquidations due to rapid price changes. However, institutional players have adapted with many shifting towards buying opportunities as a strategy during this time of change.