Crypto Market Liquidation Reaches $106 Million in One Hour, Emphasizing Leverage Risks

The cryptocurrency market experienced a significant event with over $106 million in liquidations occurring within an hour, mainly impacting Ethereum (ETH) and Bitcoin (BTC). This massive liquidation, which affected both short and long positions, highlights the volatility inherent in the space. 770,000 USD in liquidations stemmed from short positions while 105 million USD was liquidated on the long side. This incident raises concerns about leverage risk within the trading ecosystem.