Over $2 billion in crypto were liquidated in the last 12 hours

In the past 24 hours, over 700,000 traders were liquidated across multiple exchanges, with the total liquidations amounting to an incredible $2.19 billion. This marks one of the most significant events in recent trading history, highlighting the volatility and risks associated with leveraged trading in the crypto market.

Interestingly, $2.03 billion of this total was liquidated within just the last 12 hours, emphasizing the sharp and rapid market movements. Even more surprising, $1.2 billion of these liquidations occurred in the final 4 hours of the 24-hour period, demonstrating the extreme nature of these market dynamics.

The largest single liquidation order was placed on Binance, involving the ETHBTC trading pair, with a jaw-dropping value of $25.64M.

Source

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