Shocking Crypto Futures Liquidations: $119 Million Wipes Out Traders in One Hour

The cryptocurrency market once again showcased its unpredictability, with over $119 million worth of futures contracts being liquidated within the past hour alone. This sudden event highlights a trend of significant liquidations across major exchanges, amounting to $389 million over the last 24 hours. While these losses are substantial for many traders involved, understanding how these events work can offer valuable insights into the volatile nature of this space.