<ul data-eligibleForWebStory="true"><li>Over $874.59 million in crypto futures contracts were liquidated, affecting 227,811 traders.</li><li>Majority of liquidations were from 'long' positions, totaling $778.41 million, compared to $96.18 million in short liquidations.</li><li>Liquidations were distributed across different timeframes, with significant amounts in 1 hour, 4 hours, and 12 hours.</li><li>Bitcoin's price volatility led to closures of leveraged positions, causing 'rekt' events.</li><li>Largest single liquidation of $9.15 million occurred on the HTX exchange with an ETH-USDT position.</li><li>Mass liquidations can catalyze further price drops as assets are automatically sold off.</li><li>This event emphasizes the risks of leveraged trading in cryptocurrency markets.</li></ul>

Nearly $900 Million in Crypto Liquidations as Leveraged Traders Face a “Rekt” Market

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