Sell-Off Accelerates: $0.5 Billion in Futures Positions Evaporate

IconCryptoNewsTerminal Staff08 Jul, 2024

cryptonews.jpg

Sell-Off Accelerates: $0.5 Billion in Futures Positions Evaporate

In a dramatic turn of events, major exchanges have liquidated a staggering $0.5 billion worth of futures positions within the past hour. This liquidation event adds to the already significant $3.9 billion in futures positions that have been liquidated over the past 24 hours, indicating a rapidly escalating sell-off. As the market turmoil continues, traders are advised to exercise caution and monitor market conditions closely.

Related News