Crypto Market Liquidations Reach $213M in 4 Hours: Traders Face Significant Risks

Over $213 million in cryptocurrency futures have been liquidated within the last four hours, a significant surge driven primarily by the unwinding of long positions. This event highlights the inherent volatility of leveraged trading and its potential for systemic risk. Bitcoin (BTC) and Ethereum (ETH) experienced notable declines as a result, with BTC dropping nearly 4% and ETH losing around 6%. This underscores the importance of caution in market strategies during volatile periods.