Massive Crypto Liquidations Trigger Market Shakeup: $123 Million in Futures Contracts Dropped

Crypto markets experienced a dramatic shakeup overnight, with over $123 million in futures contracts liquidated across major exchanges in just one hour. This sudden shift in market sentiment raises concerns about volatility and the impact on individual traders. While the exact trigger remains unclear, increased market volatility, leveraged trading positions, and potential market corrections are likely contributing factors.