Binance Altcoin Futures See Over $7.4B Liquidations as Bitcoin Bulls Wrestle with Negitive CLD

Binance’s altcoin futures markets experienced a significant shakeup in the latter half of 2024, with over $7.4 billion in liquidations recorded. This surge coincided with a bullish rally for bitcoin (BTC) which reached a new all-time high of around $110,000. This dynamic highlights an imbalance between the volatility and risk profiles of both altcoins and Bitcoin derivatives.