ETH Liquidations Hit $296.55M in 24 Hours

Over the past 24 hours, Ethereum traders have endured $296.55 million in liquidations as market volatility surged. Sharp price movements triggered the forced closure of leveraged positions across major exchanges. Short positions were hit the hardest, with rising prices intensifying losses for bearish traders. This spike in liquidations signals increased speculative activity and highlights the risks of heavy leverage during rapid market swings.