Crypto Market Hit Hard: $334 Million in Liquidations Impacts Bitcoin and Ethereum

A recent wave of crypto contract liquidations, totaling over $334 million, has shaken the market, primarily affecting long positions in both Bitcoin (BTC) and Ethereum (ETH). Notable examples include a large ETH wallet unloading 8,920 ETH, and significant BTC movements from Coinbase to unknown wallets. This event highlights the volatile nature of crypto markets, raising concerns about leverage risk and market stability.