Bitcoin, Ethereum liquidations soar – Who’s losing the most? – BitRss

• Bitcoin and Ethereum liquidations hit unprecedented levels due to market volatility
• Bybit hack intensified Ethereum’s liquidity issues, affecting both short and long positions.

Bitcoin [BTC ($96,349.31)] and Ethereum [ETH ($2,707.96)] traders are feeling the heat right now. Liquidations are skyrocketing, with both short and long positions being forcibly closed at an unprecedented rate. Now, the recent surge in Ethereum liquidations can be partly linked to the Bybit hacker case, but broader market trends suggest a larger issue in play.

Traders are being forced out of positions due to insufficient margin, triggering a chain reaction of liquidations. As volatility rises, these events are raising concerns about market stability and the pressures on traders.

Addressing the rise in liquidations

Liquidations have surged as traders face aggressive margin calls amid heightened volatility. Ethereum’s liquidation volume has intensified, with billions in forced closures over the past 72 hours. While the Bybit hacker incident has exacerbated ETH’s turbulence, broader market leverage remains a key driver.