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Crypto Market Rally Triggers $372 Million in Liquidations
The sudden upswing in the crypto market has led to a surprising number of liquidations across various exchanges, amounting to approximately $372 million.
Over the past few days, the crypto market experienced an unexpected turnaround, with many altcoins and major cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH), rebounding faster than anticipated. This sudden upswing in value has resulted in a significant number of liquidations, which have left traders scrambling to adjust their positions.
According to recent reports from major exchanges and market data providers, it appears that over the past 24 hours alone, more than $350 million in trading positions have been liquidated, with some notable exceptions. This number is expected to continue rising as the market continues its upward trajectory.
The sudden shift in market sentiment has left many traders in a difficult position, forcing them to reassess their portfolios and adjust their strategies accordingly.
Source: u.today
