Ethereum Carnage: $296M in Liquidations Rock Crypto Markets

Blood in the water—ETH positions vaporized at a staggering rate as leverage traders got steamrolled.

Liquidation Tsunami

The $296.55 million wrecking ball swung hard, flushing out overleveraged gamblers who forgot crypto winters come early. Prime brokerage desks—if you can call DeFi protocols that—worked overtime to auto-sell collateral at fire-sale prices.

Margin Call Massacre

Futures markets turned into a margin call graveyard, proving yet again that 'risk management' is just three syllables most degens ignore until it's too late. The silver lining? At least traditional finance can't blame this one on meme stocks.

Over the past 24 hours, Ethereum traders have endured $296.55 million in liquidations as market volatility surged. Sharp price movements triggered the forced closure of Leveraged positions across major exchanges. Short positions were hit the hardest, with rising prices intensifying losses for bearish traders. This spike in liquidations signals increased speculative activity and highlights the risks of heavy leverage during rapid market swings.