BitcoinWorld

Crypto Market Sees $115 Million in Futures Liquidated in One Hour

The cryptocurrency market experienced a sharp sell-off in the past hour, resulting in the liquidation of approximately $115 million worth of futures positions across major exchanges, according to data from CoinGlass. This rapid deleveraging event adds to a broader 24-hour liquidation total that has now reached $681 million.

Breakdown of the Liquidations

Data from multiple trading platforms indicates that long positions accounted for the vast majority of the forced closures, suggesting that traders were caught off-guard by a sudden price decline. Bitcoin (BTC) and Ethereum (ETH) futures led the liquidation volumes, though altcoins also saw significant activity….