Crypto Liquidations Hit $370 Million in One Hour
Crypto liquidations reached $370 million within a single hour, driven primarily by Ether and Bitcoin positions, according to Pluang.
Crypto liquidations reached $370 million within a single hour, driven primarily by Ether and Bitcoin positions, according to Pluang. The sharp wave of forced closures swept across derivatives markets as sudden price volatility caught leveraged traders off guard.
Market Impact
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Ether and Bitcoin positions accounted for the vast majority of the wipeout during the one-hour window. The cascade highlights the underlying leverage present in the digital asset market during periods of abrupt price movement.
Key Facts
- Total liquidations reached $370 million in one hour, according to Pluang.
- Ether and Bitcoin positions led the wave of liquidations.
Source: news.google.com
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