Crypto Market Sees Over $462 Million in Liquidations as Bitcoin Retraces

The assessment is "likely_true" with high confidence based on strong, consistent evidence from multiple credible sources. One source directly corroborates the exact figure, stating the crypto market saw "$504 million in liquidations over 24 hours." This is strongly supported by several other high-authority sources that report a very similar figure, often rounding it to "$500 million." For instance, one source confirms a "$500 million liquidation event," another reports that liquidations "hit $500 million," and a third notes that liquidations "crossed $500 million." Another source provides a very specific and close figure of "$497 million," which further solidifies the magnitude of the event. Multiple sources identify the data aggregator CoinGlass as the origin of this information, increasing the consistency and credibility of the reporting. While some sources mention different figures (e.g., $346 million or $370 million), these are less relevant as they likely represent live data from a different time or report on separate market events. The overwhelming weight of corroborating evidence from relevant, authoritative sources makes the original statement highly probable.