$1.4 Billion Crypto Liquidations Hit Both Longs and Shorts as Volatility Spikes

Crypto derivatives markets saw a sharp shakeout over the past 24 hours, with approximately $1.40065 billion in leveraged positions forcibly closed as prices drifted lower and volatility spiked across major tokens. The liquidation wave mattered less for its direction than for its breadth: both longs and shorts were hit at scale, underscoring a market struggling to find stable footing.