$193M Bitcoin, $65M Ethereum Rekt: Will Crypto Carnage Continue?

Cryptocurrency traders endured a rude awakening over the past 24 hours as Bitcoin and Ethereum price gyrations resulted in over $193 million and $65 million in liquidations, respectively. Are things about to get even worse? Bitcoin has seen some wild price action, and the latest volatility has triggered significant losses for leveraged traders.

Data shows a large amount of cryptocurrency longs have found liquidation in the past day after the volatility. According to data, in the past 24 hours, a total of $208.8 million in liquidations occurred across the crypto market. The activity affected 67,621 traders, with the most significant single Liquidation event taking place on [Exchange Name - if known, otherwise remove].

Bitcoin price and Ethereum price faced a huge pullback as they dropped below their respective psychological barriers. This Liquidation HeatMap predicts the price levels at which large-scale liquidation events may occur. A liquidation event occurs when a trader's positions are closed due to price fluctuations, and this is exactly what happened in the last 24 hours.

According to Bybt, a cryptocurrency derivatives data analytics platform, $2.87 billion has been liquidated across the entire cryptocurrency ecosystem in the last 24 hours. This paints a stark picture of the recent market downturn and its impact on traders. The cryptocurrency market suffered one of its worst liquidation events in history, wiping out over $2.24 billion in the last 24 hours amid escalating [Mention the catalyst if known, like global trade tensions, regulatory news, etc., otherwise remove this part].

We provide real-time data for Bitcoin liquidations and exchange liquidations, as well as historical data and charts for liquidations and liquidation heatmaps, giving you comprehensive market insights to navigate these volatile times. Stay updated with the latest developments and manage your risk effectively.