Crypto Market Crash Causes Carnage In Futures, Over $1 Bln Liquidated

Steep losses in the cryptocurrency market caused mass liquidations in the past 24 hours, recent data shows. While total market capitalization sank by 3% to below $1.45 trillion, the effect was magnified across futures trading. Long positions bore the brunt of liquidations- a common theme this year, as traders repeatedly tried to call the bottom.

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Author: toutiao