Bitcoin’s sudden drop below $58,000 has left leverage traders reeling, as altcoins have also been dragged down in its wake. Coinglass, a crypto data aggregator, reports that over $448.49 million in liquidations have occurred in the past 24 hours, with leveraged longs accounting for more than 84% of the total. OKX, the leading exchange, saw the largest amount of liquidations at $171.28 million, followed closely by Binance at $170.43 million. Huobi and Bybit also experienced significant liquidations, with $45.09 million and $37.22 million, respectively. Coinglass further reveals that during this time, $167.43 million worth of Bitcoin and $115.48 million worth of Ethereum have been liquidated, with the majority of them being long positions. Other notable digital assets that suffered large liquidations include Solana at $17.01 million, Dogecoin at $13.56 million, and Pepe at $6.61 million. The largest single liquidation order, amounting to $6.07 million, took place on OKX in the ETH/USDT pair. Despite a slight recovery, Bitcoin has dropped over 6% in the last 24 hours, currently trading at $57,429. Similarly, Solana is down nearly 5% at $123, while DOGE has fallen almost 9% to $0.12, and PEPE is down 8.6% at $0.00000619. Leverage traders are advised to exercise caution and conduct thorough research before engaging in high-risk investments in Bitcoin, cryptocurrency, or digital assets. The Daily Hodl, where this article was sourced, does not provide investment advice and is not an investment advisor.