Massive Crypto Liquidations Shock Market: $725 Million Wiped Out

In a dramatic sell-off that sent shockwaves through the crypto market, over $725 million in leveraged trades were forced to liquidate within the past 24 hours. This sudden downturn came as Bitcoin and other leading altcoins witnessed significant price drops. Experts attribute this chaotic event to a confluence of factors including shifting macroeconomic conditions, changes in funding rates, and excessively leveraged bets.