BitcoinWorld

Crypto Market Shaken: $209 Million in Futures Liquidated in a Single Hour

The cryptocurrency market experienced a sharp and sudden wave of selling pressure in the past hour, leading to the liquidation of over $209 million worth of futures positions across major exchanges. This rapid unwinding of leveraged trades brings the total liquidations over the last 24 hours to a staggering $814 million, signaling a period of intense volatility and risk for traders.

Breaking Down the Liquidation Cascade

The data, aggregated from leading exchanges such as Binance, Bybit, and OKX, shows that the majority of the liquidations occurred in long positions—traders who had bet on rising prices. When the market moved against them, their…