Crypto Market Suffers $204 Million Liquidation Surge Amidst Volatility

A dramatic surge in cryptocurrency liquidation occurred recently, wiping out over $204 million worth of positions within an hour. The majority of this liquidations (nearly $185 million) were associated with Bitcoin futures contracts, primarily involving long positions, according to market analysis. This sudden shift was observed across major exchanges including Bybit, HTX and Binance, prompting a rapid unwinding of leveraged trades in response to price declines.