Crypto Liquidations Surge Past $295 Million Amid Market Correction

Over $295 million in crypto positions were liquidated today as market correction led to a significant sell-off across major exchanges like Binance and OKX. The event primarily impacted long traders holding Bitcoin, Ethereum, and Solana, driven by macro shocks and the use of derivatives. Bitcoin and Ethereum, two of the most traded cryptocurrencies, experienced price drops, leading to increased market volatility and trader stress as massive liquidations occurred.