The recent crypto market liquidation data seemed to have sparked speculations in the market, especially amid a bullish momentum in the broader crypto market. Notably, recent data reveals a significant liquidation event in the crypto market, totaling $130 million within the past 24 hours.
Meanwhile, this development has prompted questions about whether it signifies an opportunity for investors or a potential warning sign for the week ahead.
Assessing The Crypto Market Liquidation
According to CoinGlass data, a notable liquidation event has been witnessed in the crypto market, with 42,328 traders liquidated. Notably, the total liquidation amount amounts to $128.54 million, sparking curiosity among crypto market enthusiasts.
Meanwhile, Bitcoin led the pack in individual crypto liquidations, accounting for $50.58 million, followed by Ethereum at $23.61 million and Solana at $9.04 million. The largest single liquidation order, valued at $1.93 million, occurred on Binance’s ETHBTC pair.
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