Crypto Market Liquidation Soars $190 Million Amidst Volatile Swings

The cryptocurrency market experienced a sharp spike in liquidations, with over $190 million wiped out across major exchanges like Binance and OKX in the past 24 hours. This volatility primarily affected leveraged positions on Bitcoin and Ethereum, according to CoinWy’s analysis. Short positions took the brunt of losses, amounting to nearly $107 million in total. While the wider market saw a slight rebound in assets like Shiba Inu and Pi, with some gaining 3-4.5%, major tokens like Bitcoin and Ethereum suffered significant price drops.