$220.344M Liquidated From The Crypto Market in Last 24 hours

What a way to start the week right? With a lot of REKTs. In the past 24 hours, 220.344 traders were liquidated with a total liquidations in $538.86M... The largest liquidation happened on Binance BTCUSDT with $8.21M liquidation.

From the heatmap we can see that Bitcoin (BTC) and Ethereum (ETH) took the lead in total liquidation volume with $112.69M and $106.20M, respectively. However, Others category that represents altcoins is not getting behind surpassing both with a total of $128.82M. Alts proportionally bleeding more than the big two. Other important alts like SOL, DOGE, XRP are also experiencing significant bleedings.

Even thought I expected a rally looks like the market is priced in the incoming events data like US CPI and maybe other bearish future news that at least I am not aware of.

If you believe in crypto in the long term, you will see this as an opportunity to load a bit more in a cheap price before things get again bullish. I think we are currently getting close to the real bull run and it is not a surprise to see this kind of dumps during January.

Let see what future has saved for us, stay safe, trade safe and don't let the noise and FUD blur your goals.

Source: https://www.coinglass.com/LiquidationData