Crypto Market Slump Leads to Over $813 Million in Trader Liquidations

The cryptocurrency market experienced a significant downturn, resulting in the liquidation of nearly 180,000 trader positions worth over $813 million within 24 hours. Bitcoin’s recent slide below the $110,000 mark is believed to have sparked this wave of liquidations, although analysts are uncertain if it merely reflects market volatility or points towards a deeper underlying issue in market sentiment.