Crypto Market Sees $199M Liquidation in One Hour: Shorts Bear Brunt of $177M Storm as ETH and BTC Lead Turmoil

The cryptocurrency market witnessed extreme volatility in the past hour, with total liquidations reaching $199 million. Short positions suffered massively, accounting for $177 million of the losses. Ethereum and Bitcoin were the primary assets involved, seeing liquidations of approximately $60.4 million and $97.3 million respectively, highlighting intense market stress.

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