Data shows the crypto futures market has seen liquidations of more than $150 million today as Bitcoin and other assets have observed a plummet.
Crypto Futures Liquidations In Past 24 Hours Have Reached $153 Million
The crypto market has observed some significant volatility during the past day, as many assets including Bitcoin have taken a notable hit. This volatility in spot prices has also caused chaos in the futures market, where a mass amount of liquidations has piled up.
A contract is said to be “liquidated” when the derivative platform with which said contract is open forcibly closes it due to it amassing losses of a specific percentage (which may differ from exchange to exchange).
Here is a table that shows how the market-wide liquidations have looked during the last 24 hours:
Looks like the crypto futures sector has observed a high amount of liquidations today | Source: CoinGlass
As you can see above, the total…
