Crypto Liquidations Surge: $772M Wiped in 24 Hours

A significant event unfolded in the cryptocurrency market as over $772 million worth of crypto futures contracts were liquidated within a single day across major exchanges. The largest impacts were felt on Bitcoin and Ethereum, with losses reaching almost $286 million and $190 million respectively. These liquidations affected both long and short positions, primarily concentrated on the leading platforms like Binance.