Massive Liquidations in Crypto Market Highlighted by Lookonchain

According to Lookonchain, in the past 24 hours, 571,838 traders faced liquidations amounting to a total of $1.72 billion. A notable event was the liquidation of a whale who lost $19.69 million when Ethereum's price fell to $3,613.16. This significant movement in the market reflects the volatility and risk associated with leveraged trading in cryptocurrencies.