More than $840 Million Liquidated In Crypto Futures Over Last 24 Hours

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What is Liquidation and when does it happen ?

Liquidation when a crypto derivatives exchange forcefully closes up a futures contract because a certain amount of margin has been lost.

While high leverage means investors can earn multitudes more in profit, it also enables them to quickly lose their margin as losses also get amplified.

https://preview.redd.it/r2z5v3qg2iy81.jpg?width=2388&format=pjpg&auto=webp&s=3be06940d989013249555c643b9e0a2da184b716

The above screenshot shows the data for crypto liquidation in the last 24 hours, you can see there is over $847 million was liquidated in the last 24 hours and $104 million from them in the last hour .

Remember, playing with futures are very risky and you can see how much people lost only in the last 24 hours

submitted by /u/TheNextPharaoh
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