Ethereum and Altcoins Lead $17.16 Billion in 24-Hour Liquidations While BTC Sees $1.78 Billion

According to recent data from Coinglass, the cryptocurrency market experienced significant volatility on December 10th, with a staggering total liquidation value of $17.16 billion recorded within a 24-hour period. Of this figure, altcoins accounted for a substantial $12.96 billion in liquidations, indicating a heightened level of risk among these digital assets. In contrast, Bitcoin (BTC) witnessed liquidations amounting to approximately $1.78 billion, while Ethereum (ETH) faced liquidations totaling $2.41 billion. This data underscores the ongoing fluctuations in the crypto market, reinforcing the importance for investors to remain vigilant and informed about potential risks associated with liquidations and market dynamics.