The crypto market has experienced a significant drop in prices, leading to a surge in liquidations in the futures market. Data from the past 24 hours reveals that over $150 million worth of contracts have been liquidated. Bitcoin, being the most dominant cryptocurrency, has seen the largest number of liquidations, followed by Ethereum and other altcoins. These mass liquidation events are not uncommon in the volatile crypto market, where high leverage and market instability can lead to substantial losses for traders.
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