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According to recent data from Coinglass, the VOXEL network experienced a staggering $8.4 million in liquidations over the last four hours, outpacing Bitcoin’s $8 million and establishing itself as the leader in the liquidation space. This surge highlights the growing volatility within the crypto market, drawing attention from both investors and analysts alike. Over a 24-hour period, the total liquidation volume for VOXEL has escalated to $14.05 million, with an overwhelming $12.43 million attributed to short liquidations. These figures underscore the risks associated with trading in high-leverage scenarios, particularly in emerging altcoins like VOXEL. As traders navigate this fluctuating landscape, monitoring liquidation trends will be crucial for managing risk effectively.
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