Crypto Liquidations Surge to $1.7 Billion Amid Heightened Market Volatility

In the past 24 hours, nearly $1. 7 billion in liquidations swept through the cryptocurrency market, with the total market capitalization declining by 6%. Bitcoin (BTC) alone accounted for nearly half of the total liquidations, with traders betting on further upside taking the biggest losses during the latest wipeout. Massive Liquidations Impact Leveraged Crypto Traders Data from CoinGlass shows a sharp wave of liquidations across the cryptocurrency market over the past 24 hours as asset prices declined following escalating US-Iran tensions source: https://beincrypto.com/crypto-liquidations-bitcoin-ethereum-crash-sentiment/