Crypto Liquidations Shock Market: High Leverage Leads to $236 Million Wipesout

The cryptocurrency market experienced a dramatic shakeup last 24 hours, as significant liquidations wiped out millions in value. Leveraged positions on perpetual futures markets were hit hardest, with Bitcoin leading the way. The dramatic price swings exposed the inherent risks of high leverage trading and triggered ripple effects across the market. This article delves into the details of these events, exploring the causes, consequences, and potential implications for investors.