$339 Million Worth of Futures Positions Liquidated in the Past Hour
CryptoNewsTerminal Staff04 Aug, 2024
$339 Million Worth of Futures Positions Liquidated in the Past Hour
In the past hour, $339 million worth of futures positions have been liquidated across major exchanges. This brings the total amount of futures positions liquidated in the last 24 hours to $686 million. The surge in liquidations comes as a result of the recent downturn in the cryptocurrency market. Bitcoin has recently fallen below the psychological $30,000 mark, raising concerns among investors and traders. The liquidations are a sign of the volatility in the cryptocurrency market and should be taken into consideration by anyone investing or trading in this market.
