A significant wave of liquidations has hit the cryptocurrency futures market. In just the past hour, over $126 million in futures positions were wiped out across major exchanges. This sharp downturn underscores the volatility inherent in crypto trading. Zooming out, the past 24 hours paint an even starker picture. A total of $1.06 billion in futures positions have been liquidated, indicating a widespread correction and increased market uncertainty. Traders should exercise caution and manage risk appropriately in this turbulent environment. Monitoring market trends and setting stop-loss orders are crucial strategies for navigating these periods of high volatility. ```