24-9-2025 – The cryptocurrency market faced significant turbulence as liquidations surpassed $100 million within the past hour, according to data from Coinglass. Long positions bore the brunt, with $98.77 million wiped out, signaling a sharp market correction that caught many traders off guard.
This rapid liquidation event reflects heightened volatility in the crypto space, with leveraged positions amplifying losses during sudden price swings. Coinglass data highlights the dominance of long liquidations, suggesting bullish traders were overexposed as prices dipped.
