Crypto Market Faces $271.72 Million Liquidation Day; $400 Million Liquidated, Ether Loses $77.67 Million

On October 23, the cryptocurrency market experienced significant turmoil, marking the second-largest liquidation day in October with approximately $271.72 million in total positions liquidated.

Of this, $192.83 million were long positions, with Ether (ETH) being the most affected asset, accounting for around $77.67 million in liquidations. The turmoil continued into October 26, with reports indicating nearly $400 million in liquidations across all exchanges, making it the second-highest liquidation day of the year.

Long positions in Solana (SOL) also suffered, with approximately $25 million liquidated. Traders are being cautioned to exercise caution with leverage, particularly when dealing with altcoins.

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