Massive Crypto Futures Wipeout: $141 Million Lost in Just One Hour

The cryptocurrency market experienced a shock event this past week: massive crypto futures liquidation, wiping out over $141 million in just one hour. This sudden shift occurred as markets were already experiencing volatile price fluctuations, and analysts are now trying to understand the contributing factors behind such rapid losses. This incident underlines the inherent risks of leveraged trading within the digital asset space.