Crypto Markets See $100M in Liquidations Within an Hour

The crypto market faced a sudden jolt, with more than $100 million in leveraged trades wiped out in just one hour. The sharp move came as Bitcoin, Ethereum, and several altcoins saw quick price dips, triggering a cascade of liquidations across major exchanges. Traders using high leverage were hit hardest as positions automatically closed amid the volatility. Analysts say the sell-off may have been fueled by large whale movements or broader market jitters, leading investors to pull back from risky trades. While the rapid drop shook market sentiment, some traders believe this could be a short-term shakeout before prices find stability again.