According to the source, crypto markets saw $1.28B in liquidations over the last 24 hours. source: the source Large liquidation waves are commonly accompanied by falling aggregate open interest and funding rates tilting toward neutral or negative, indicating rapid deleveraging in BTC and ETH. source: Coinglass; Glassnode Traders should cross-check the 24h liquidation tally and monitor BTC and ETH liquidation heatmaps, funding, and open interest to gauge whether momentum extends or mean reverts in the near term. source: Coinglass; Laevitas; Hyblock Capital