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Recent market activity has seen a significant amount of liquidations in the crypto space, with $385 million, $1.1 billion, and $1.17 billion being liquidated in 24 hours. The high leverage levels have led to increased volatility, prompting warnings against using leverage.
$1.17b worth of crypto was liquidated in the past 24h alone. It's never a good idea to use high leverage. https://t.co/V212TBG8NL
$1.1 billion wiped from lev traders today. the leverage (fomo) is at ATH levels, so expect the volatility to be bigger than ever, in both directions. part of the ride, just enjoy it. & stay away from leverage yourself. $BTC $ETH
Who else just got liquidated