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The market took a sharp turn overnight. Over $800 million got wiped out across the board in just 24 hours, catching a lot of positions off guard.
Bitcoin felt the heaviest blow—$382 million in liquidations hit the BTC market. Ethereum wasn't spared either, with $231 million liquidated as ETH faced selling pressure alongside the broader downturn.
This kind of cascade happened faster than most expected, signaling how quickly sentiment can shift in volatile market conditions. Whether this is a temporary shakeout or the start of a deeper correction remains to be seen.