Crypto Market Shakeup: $111 Million in Futures Liquidated in One Hour

The cryptocurrency market experienced a dramatic shake-up recently, with futures contracts worth over $111 million being liquidated within just 60 minutes. This sudden activity raises questions about market volatility and the risks associated with leveraged trading. While this event is part of a larger trend involving nearly $897 million in futures positions being wiped out in a single day, what does it mean for the wider crypto market? [Keep in mind – this response should be tailored to make sure you’re including the most important and relevant points from your original article.]