Over $116 Million in Bitcoin and Ethereum Long Positions Liquidated in 1-Hour Market Shock

In a sudden market jolt, more than $116 million worth of long positions were liquidated within just one hour, highlighting the volatile nature of cryptocurrency trading. This significant loss was driven by rapid market downturns in major cryptocurrencies like Bitcoin and Ethereum. Overleveraged traders experienced substantial losses as the market unexpectedly shifted against their bets. 💰 While the exact trigger remains unclear, several factors could be at play, including economic news shifts, unexpected whale activity, or cascading liquidations.