BTCUSDT Faces Massive $201 Million Liquidation on Binance Amid $1.159 Billion Market-Wide Liquidations

According to the latest data from Coinglass, Binance experienced the most significant liquidation event within the last 24 hours, with a massive $201 million liquidated on the BTCUSDT trading pair. This figure highlights the heightened volatility and risk exposure in the crypto derivatives market. Overall, the total liquidations recorded across various exchanges reached $1.159 billion, dominated by long position liquidations amounting to $1.035 billion, while short liquidations accounted for $124 million. These liquidation metrics underscore the ongoing market fluctuations and the critical importance of risk management strategies for traders in the current crypto landscape.