Crypto Market Faces Massive $10 Billion Liquidation Amid Immense Volatility
The cryptocurrency market witnessed a dramatic $10 billion liquidation event, with Bybit alone accounting for $1 billion in liquidated positions. The sudden market downturn led to a widespread sell-off, impacting traders who had leveraged positions across multiple exchanges. Leverage trading in cryptocurrency allows investors to borrow funds to increase their position size, amplifying both potential…