Crypto Market Suffers $208 Million Liquidation in Under One Hour

In a flash event, the cryptocurrency market experienced a notable liquidation of assets totaling $208 million within just one hour, as data from Coinglass indicates. Long positions accounted for a substantial $205 million in losses, while short positions saw an estimated $3.335 million in liquidations. This dramatic display underscores the inherent volatility and rapid shifts observed in today’s cryptocurrency trading landscape.