A record $19 billion in cryptocurrency was liquidated last Friday, highlighting a concerning trend in the market. According to Coinglass, this figure is double the amount liquidated during the major crash of 2021 and suggests an increase in the risk of future sell-offs. Expert analyst Lucas Kiely believes these mass liquidations are a serious warning for investors: “This sell-off represents a significant warning to investors. High leverage poses a significant threat in such a volatile market with limited liquidity, approaching its peak”. He emphasizes that high leverage coupled with low liquidity makes the current environment highly susceptible to market fluctuations. The recent crash was triggered by tariffs announced by the Trump administration, but analysts believe Binance’s platform disruptions also played a role in deepening the decline. The growth of on-chain perpetual futures (OPFs) and their surge on platforms like Hyperliquid and Aster have further fueled this volatility. While mass liquidations haven’t been as frequent this year compared to 2021, the frequency remains high, highlighting ongoing concerns within the cryptocurrency market. )