More than $2.5 billion worth of leveraged crypto positions were wiped out in the last 24 hours, highlighting the brutal volatility gripping the market. Both long and short traders were hit, showing that no side was safe as prices moved sharply in both directions.

Bitcoin and Ethereum accounted for the bulk of the liquidations, with sudden price swings triggering forced closures across major exchanges. The scale of the wipeout suggests heavy leverage was in play, leaving traders exposed to even modest market moves.

This event is another reminder that leverage amplifies risk in crypto. In fast-moving markets, poor risk management can erase positions in minutes, regardless of market bias. As volatility remains elevated, traders are being urged to size positions carefully and avoid excessive leverage