Key exchanges liquidate $99 million in futures positions in the past hour

IconCryptoNewsTerminal Staff04 Jul, 2024

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Key exchanges liquidate $99 million in futures positions in the past hour

Key exchanges have liquidated $99 million worth of futures positions in the past hour. This follows a broader trend of liquidations in the futures market, with over $475 million worth of positions liquidated in the past 24 hours. The liquidations come as the price of Bitcoin has fallen sharply in recent days, leading to increased volatility in the futures market. Several factors have contributed to the price drop, including concerns about the regulatory environment in China and the increasing popularity of altcoins. The liquidations are a reminder of the risks involved in futures trading. Futures contracts are leveraged products, which means that traders can lose more money than they initially invest. It is important to understand the risks and to trade responsibly.

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