$1.8B Liquidated in 24H as Longs Face Major Blow

• Over $1.8 billion liquidated in 24 hours
• Long positions account for $1.65 billion of the losses
• Market volatility continues to shake trader confidence

The crypto market has just witnessed one of its most intense shakeouts of the year. In the last 24 hours alone, more than $1.8 billion in crypto positions were liquidated, with long traders taking the brunt of the damage. According to on-chain data, $1.65 billion of the total liquidations came from long positions, meaning most traders were betting on the market to go up — and lost.

This sharp liquidation wave signals a violent shift in sentiment, catching many off guard. These mass liquidations typically occur when price movements quickly go against the majority of leveraged positions, triggering automatic sell-offs and compounding losses.

What Caused the Massive Liquidations?

While the exact catalyst remains unclear, analysts suggest a mix of negative macroeconomic sentiment, high leverage, and weak market structure played a key role. With traders heavily leaning bullish, the sudden drop in prices forced major sell-offs across exchanges.

Bitcoin and Ethereum, the two largest cryptocurrencies by market cap, saw some of the biggest liquidations. Other altcoins followed closely, as fear spread rapidly. This kind of liquidation event often creates a feedback loop — as prices fall, more positions are forced to close, which pushes prices even lower.

Volatility Continues to Dominate the Market

This liquidation event is a stark reminder of the risks associated with leveraged trading. While high volatility in the crypto market offers opportunity, it also exposes traders to significant downside when positions are over-leveraged.

For now, crypto investors are being urged to exercise caution. With uncertainty still looming, it remains to be seen whether this shakeout will be followed by a recovery or further downside.

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