Crypto Futures Liquidations Reach $2.04 Billion Amid Market Volatility

Crypto futures markets have seen significant liquidations, with $145 million wiped out in just one hour. According to NS3.AI, over the past 24 hours, approximately $2.04 billion in futures contracts were liquidated. These figures underscore the heightened market volatility and intense selling pressure on leveraged positions. The rapid liquidation of futures contracts reflects the current instability in the cryptocurrency market, as traders face challenges in managing leveraged positions amid fluctuating prices. The substantial liquidations indicate a cautious sentiment among investors, who are reassessing their strategies in response to the volatile market conditions.