Crypto Futures Market Sees Over $105 Million in Liquidations Within One Hour Amid Heightened Volatility

The cryptocurrency market experienced a sharp increase in volatility, leading to over $105 million in leveraged futures positions being liquidated across major exchanges within the past hour. This rapid deleveraging event contributed to a total of approximately $296 million in liquidations over the last 24 hours, primarily affecting long positions, suggesting a sudden downward price movement.