🚹 MARKET LIQUIDATION UPDATE đŸ’„

In the past 24 hours, over $426 million in long positions have been wiped out — bringing total crypto market liquidations to a staggering $483 million. ⚠

The bulk of the damage hit over-leveraged longs, as sharp price pullbacks blindsided bullish traders. Meanwhile, shorts saw a comparatively modest $57 million in liquidations. 📉

Volatility is back on the rise, serving as a harsh reminder that leverage cuts both ways. đŸ”„

Now more than ever, risk management and proper positioning are key in this fast-moving market.

On the bright side, this flush could help reset overheated funding rates, paving the way for a more stable and balanced move ahead. ⚖

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