Crypto Futures Liquidation: A $220 Million Shockwave in the Market

The crypto derivatives market experienced a dramatic upheaval last week, triggering a staggering $220 million liquidation event. This sudden and significant drop impacted short traders most acutely, as their leveraged positions faced forced closure when price movements unexpectedly shifted against their bets. The volatile nature of crypto markets played a key role in this phenomenon, leaving many traders reeling from unexpected losses.