Crypto Market Flash Crash: $103 Million In Futures Liquidated in Just One Hour

The cryptocurrency market experienced a dramatic flash crash as major exchanges reported over $103 million in futures positions being liquidated within the past hour. This sudden shift highlights the volatile nature of trading and underscores the risks associated with leveraged positions. Analysts attribute this rapid market movement to factors such as unexpected news or economic data, excessive leverage amplifying losses, and shifts in market sentiment. The incident triggered a cascade effect as forced selling pushed prices down further, resulting in more liquidations and exacerbating volatility.