Crypto Market Sees $508 Million in Trader Liquidations Within 24 Hours

Multiple credible and relevant sources indicate that large-scale trader liquidations occurred in the cryptocurrency market over a recent 24-hour period, with figures ranging from approximately $450 million to over $500 million. CoinDesk's market coverage and Amberdata's detailed analysis both support the occurrence of significant market liquidations aligned with volatile price movements. The Facebook post citing over $450 million and other informal sources further corroborate substantial liquidation amounts, though their figures differ slightly. The statement's $508 million figure falls within the plausible range suggested by these sources, especially given that market liquidation totals can vary depending on the reporting platforms, exact timeframe, and data aggregation methods. No credible sources directly contradict the claim, and all available evidence points toward a period of heightened liquidation activity near the claimed amount.