Crypto Market Liquidation Reaches $429 Million in a Single Hour

In a shocking display of market volatility, crypto exchanges witnessed a staggering $429 million in futures liquidations within just one hour. This rapid unwinding highlights the inherent risks associated with leveraged trading strategies and provides a glimpse into the dynamic nature of cryptocurrency markets. The recent event underscores a trend seen over 24 hours, where a total of $905 million was liquidated, indicating significant market volatility.