Crypto Market Swings: $352 Million in Positions Liquidated in a Day

The cryptocurrency market experienced significant volatility over the past 24 hours, resulting in the liquidation of nearly $352 million worth of positions. This massive event saw long positions totaling $183.34 million wiped out, while short positions representing $169.08 million also faced liquidation. The rapid liquidations highlight the inherent risk associated with leveraged trading strategies during periods of extreme market volatility.