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Major Crypto Liquidation: What Happened in 24 Hours

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by Giorgi Kostiuk

a day ago


In the dynamic world of cryptocurrency, liquidation of positions represents a significant event. In the last 24 hours, there was a widespread closure of trading positions, affecting substantial amounts.

What is Crypto Liquidation?

Crypto liquidation occurs when a trader's leveraged position can no longer meet margin requirements. When the market moves against a position and margin balance falls below a threshold, exchanges automatically close the position to prevent further losses.

Analysis of the Last 24 Hours of Liquidations

In the last 24 hours, many liquidations occurred in the crypto market, primarily affecting long positions:

| Cryptocurrency | Total Liquidated (24h) | Long Positions Liquidated (%) | | --- | --- | --- | | Ethereum (ETH) | $145.86 million | 58.63% | | Bitcoin (BTC) | $70.05 million | 79.99% | | XRP (XRP) | $48.68 million | 76.79% |

Causes and Effects of Massive Liquidations

Main causes of mass liquidations include: 1. Excessive Leverage 2. Market Volatility 3. Cascading Effects 4. Unforeseen Events

Mass liquidations have serious consequences, including increased volatility, market reset, and psychological impact on traders.

The recent mass liquidation serves as a reminder of the inherent risks and volatility present in the crypto market. Traders must understand liquidation mechanics and practice strict risk management.

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Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.