Bitcoin Liquidations Shake the Market as Traders Get Caught Offside

Bitcoin markets turned volatile after $144m worth of futures positions were liquidated in one day. Most of the losses came from traders betting on higher prices, with nearly 78% of liquidations from long positions. This happened because many traders were using leverage, and when prices moved against them, exchanges automatically closed their trades.

Other cryptocurrencies showed different trends. Ethereum had a more balanced mix of long and short liquidations, while Solana saw more traders betting on a price drop get wiped out. Although events like this can cause sharp price swings, they often help reset the market by clearing out risky positions. It’s a reminder that using high leverage can quickly lead to losses when the market turns.
Hope you were smart with risk management and you didn't get liquidated?.