NEAR drops force liquidation of 748,091 tokens worth $3.67M for trader 0xec90 at current price of $5.09 amid bearish MACD signals.

According to @lookonchain, 404,386 traders were liquidated in the last 24 hours for a total of 1.7 billion dollars, based on Coinglass liquidation data. According to @lookonchain citing Coinglass, long positions accounted for about 1.62 billion dollars of the wipeout, versus roughly 80 million dollars from shorts.

According to Lookonchain, the past 24 hours saw 214,270 traders liquidated across crypto markets, totaling $1.02 billion in losses. The largest single liquidation involved a whale losing $201.31 million on a BTC long position, as reported by Coinglass. This significant event highlights heightened market volatility and increased risk for leveraged traders, signaling potential short-term price instability for Bitcoin and related assets. Traders should closely monitor open interest and funding rates for further signals of market direction. (Source: Lookonchain, Coinglass)