According to @MilkRoadDaily, total crypto market liquidations reached $1.7 billion over the last 24 hours, with more than 400,000 traders affected, source: @MilkRoadDaily. The scale and speed point to a broad deleveraging wave concentrated within a single day, highlighting acute stress across leveraged derivatives positions, source: @MilkRoadDaily.

According to Lookonchain, in the past 4 hours, over $99 million in liquidations took place on $ZKJ, representing 81.3% of all cryptocurrency liquidations during that period (source: Lookonchain, June 15, 2025). This sharp spike in $ZKJ liquidations signals extreme volatility and possible forced unwinding of leveraged positions, which could indicate heightened risk for traders and may impact overall crypto market sentiment. Active traders should monitor $ZKJ closely for further price swings and potential knock-on effects across related assets.