According to Crypto Rover, in the past 24 hours, total cryptocurrency liquidations reached $1.59 billion, affecting 388,375 traders. This significant liquidation event highlights the volatility and risk associated with leveraged trading in the crypto markets, potentially impacting trading strategies and market sentiment.

According to Miles Deutscher, the cryptocurrency market experienced substantial liquidations amounting to $1.48 billion in the past 24 hours. This significant event suggests increased volatility and potential downward pressure on prices, as traders are forced to close positions. Such large-scale liquidations often indicate heightened risk and uncertainty, which could impact trading strategies and risk management approaches. It is critical for traders to be aware of these market conditions to adjust their positions accordingly.