A staggering $300 million in positions got wiped out over the past 24 hours, marking another brutal chapter in the ongoing liquidation saga. Both long and short traders faced the hammer as the market whipsawed through multiple price levels. This kind of violent deleveraging typically signals heightened volatility and uncertainty across major trading pairs—a reminder of how quickly fortunes can shift in crypto markets when momentum swings. The wreckage continues as participants deal with cascading liquidations across exchanges.