According to Crypto Rover, the cryptocurrency market experienced $620 million in liquidations over the past 24 hours, signaling heightened volatility and increased risk for leveraged traders (source: Crypto Rover on Twitter, May 19, 2025). This large-scale liquidation event indicates significant price swings across major assets such as Bitcoin and Ethereum, directly impacting open interest levels and prompting traders to adjust risk management strategies. The surge in forced liquidations suggests short-term trading opportunities for volatility-focused participants while underlining the importance of closely monitoring funding rates and liquidation clusters for potential entry and exit points.