Crypto Market Suffers $295M Liquidation: A Look at the Causes and Impact

A recent surge in market volatility resulted in over $295 million being liquidated from long positions across major crypto exchanges, primarily affecting Bitcoin and Ethereum. The rapid liquidation wave was triggered by fragmented markets, leading to unusual price fluctuations that ultimately impacted traders worldwide. This historic event echoes past crashes and highlights the inherent risks associated with high-leverage trading strategies.