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I took a look at today's crypto liquidation data, and it's quite impressive. Over 300,000 traders were liquidated in 24 hours, totaling around $1.2 billion. That's the kind of figure that reminds you why you need to be cautious with leverage.
What struck me is that long-position traders really took a hit. On Bitcoin alone, longs lost $331 million compared to only $82 million for shorts. Ethereum followed the same pattern. This clearly shows that the market dropped quite sharply. CoinGlass data indicates that the largest liquidation order was on HYPE, with about $20 million liquidated.
Check the prices now: BTC is around $66,920, ETH at $2,060, Solana at $78, Dogecoin at $0.09, and XRP at $1.32. Compared to previous levels, it's a significant correction. The market is struggling to find support.
What intrigues me is that these crypto liquidation waves seem to be accelerating. We have macroeconomic factors at play (tariffs, monetary policy), and this creates constant pressure. Many traders are wondering whether we've hit the bottom or if it can still go lower.
In the midst of all this, projects like Best Wallet are making noise with their presale. They reportedly raised $16.5 million with a token priced at $0.026. The displayed staking APY is 80%, which is obviously a very aggressive yield. This is the kind of promise that needs to be verified before jumping in.
For now, the outlook remains uncertain. Crypto liquidations continue, and as long as macroeconomic signals don't clarify, we risk staying in this turbulence zone. Keep a close watch.