$51 Million Futures Positions Liquidated in the Last Hour
CryptoNewsTerminal Staff13 Jun, 2024
$51 Million Futures Positions Liquidated in the Last Hour
Liquidation of $51 million futures positions occurred across major exchanges in the last hour. This follows a 24-hour period that saw a total of $229 million worth of futures positions liquidated. The liquidations come amid a period of heightened volatility in the cryptocurrency market. Bitcoin, the largest cryptocurrency by market capitalization, has seen its price fluctuate significantly in recent weeks. The liquidations are a reminder of the risks involved in trading cryptocurrency futures. Cryptocurrency markets are highly volatile, and traders can lose their entire investment in a short period of time.
