The cryptocurrency markets have witnessed a strong wave of liquidations exceeding 120 million dollars in a short time, causing sharp price fluctuations and an increase in volatility within the market.
Most of the liquidations focused on high leverage positions, especially in major currencies like Bitcoin (BTC) and Ethereum (ETH), in addition to some altcoins that recorded noticeable declines.
Analysts believe that this movement resulted from a sudden selling pressure, with the price failing to maintain important support levels, leading to a sequential activation of stop orders.
⚠️ Warning: These fluctuations remind us of the dangers of trading on margin and the necessity of managing capital carefully, especially during periods of market instability.
