A massive wave of liquidations has swept through the cryptocurrency futures market, with a staggering $150 million USD wiped out in just one hour across major exchanges. This sudden downturn has rattled traders and sent ripples of concern throughout the crypto community. The carnage extends beyond the hourly snapshot. Over the past 24 hours, a total of $1.136 billion USD in futures positions have been forcibly liquidated. This paints a picture of significant market volatility and highlights the inherent risks associated with leveraged trading in the crypto space. While the exact cause of this sudden liquidation event is multifaceted, contributing factors may include unexpected news events, large market sell-offs triggering stop-loss orders, and overall uncertainty in the global economic climate. Traders are advised to exercise caution and manage their risk exposure carefully during periods of heightened market volatility. ```