According to Lookonchain, the past 24 hours saw 214,270 traders liquidated across crypto markets, totaling $1.02 billion in losses. The largest single liquidation involved a whale losing $201.31 million on a BTC long position, as reported by Coinglass. This significant event highlights heightened market volatility and increased risk for leveraged traders, signaling potential short-term price instability for Bitcoin and related assets. Traders should closely monitor open interest and funding rates for further signals of market direction. (Source: Lookonchain, Coinglass)