ETH Liquidations Surge to $58 Million in 24 Hours, Signaling Market Volatility

Crypto markets experienced turbulent shifts over the past 24 hours, resulting in a significant wipeout of capital. Leading this downturn were substantial ETH liquidations, drawing attention from traders and analysts alike. In a single day, Ethereum alone accounted for $58 million in liquidations, predominantly originating from long positions. This event highlights the inherent volatility present within cryptocurrency trading.