394 Million US Dollars Worth of Futures Positions Liquidated in Past Hour
CryptoNewsTerminal Staff04 Aug, 2024
394 Million US Dollars Worth of Futures Positions Liquidated in Past Hour
The crypto market has seen a significant amount of liquidations in the past hour, with major exchanges liquidating $394 million worth of futures positions. This comes after a period of relative stability in the market, and it is unclear what has caused the sudden surge in liquidations. On a 24-hour basis, $751 million worth of futures positions have been liquidated, indicating that the market is still in a state of flux. It is important to note that liquidations can be a sign of market volatility, and traders should be aware of the risks involved when trading futures contracts.
