$299 Million Worth of Futures Positions Liquidated
CryptoNewsTerminal Staff07 Jun, 2024
$299 Million Worth of Futures Positions Liquidated
In the past hour, a staggering $299 million worth of futures positions have been liquidated across major exchanges. This follows a trend of increasing liquidations, with over $449 million worth of futures positions liquidated in the past 24 hours. The liquidations come amid a period of increased volatility in the cryptocurrency market, with Bitcoin and other major cryptocurrencies experiencing sharp price swings. The reasons for the increased volatility are unclear, but it is likely due to a combination of factors, including regulatory uncertainty and macroeconomic concerns. The liquidations are a reminder of the risks involved in trading futures contracts. Futures contracts are leveraged products, which means that they can amplify both profits and losses. As a result, it is important to trade futures contracts with caution and to only risk capital that you can afford to lose.
