Major Exchanges Liquidate $0.52 Billion in Futures Positions in the Past Hour
CryptoNewsTerminal Staff03 Aug, 2024
Major Exchanges Liquidate $0.52 Billion in Futures Positions in the Past Hour
Over the past hour, major exchanges have liquidated $0.52 billion worth of futures positions. This brings the total value of futures positions liquidated over the past 24 hours to $2.23 billion. The forced liquidations come as the cryptocurrency market experiences a sharp sell-off. Bitcoin, the world's largest cryptocurrency by market capitalization, has fallen by over 20% in the past 24 hours. Other major cryptocurrencies, such as Ethereum and Litecoin, have also seen significant declines in value. The liquidations are likely to put further pressure on the cryptocurrency market and could lead to further declines in prices.
