According to Lookonchain, the price of Bitcoin (BTC) dropped by approximately 7% and Ethereum (ETH) fell by around 10%. In the past 24 hours, 87,405 traders were liquidated, resulting in a total loss of $318.46 million. Notably, a whale was liquidated for $12.67 million on an ETH/BTC long position, and another whale faced a $12.6 million liquidation on a BTC long position.