Crypto Market Meltdown: $101 Million In Futures Liquidated in a Single Hour

The cryptocurrency markets witnessed an unprecedented shock yesterday as over $101 million in futures contracts were liquidated within a single hour. This sudden market move has left traders scrambling, wondering what triggered this dramatic price swing and the potential implications for their portfolios. 24-hour totals reached nearly $397 million, highlighting the volatile nature of this asset class. Understanding why these large liquidations occur is crucial for navigating future trading opportunities.