Crypto Exchange HTX Suffers $471M Liquidation as Bitcoin Surges

A recent surge in Bitcoin prices has triggered widespread cryptocurrency liquidations across various exchanges, resulting in a massive loss of over $471 million. Notably, the HTX exchange suffered a significant impact, with its largest single trade resulting in an estimated loss of $8.21 million. This event has exposed potential vulnerabilities in liquidity management and market stability, affecting countless traders globally. 134,887 traders were impacted by the recent price pullback, highlighting the scale of the fallout.