Crypto liquidations have surged to $900 million over the last 24 hours as Bitcoin approaches a price of $84,000. During this period, Bitcoin has experienced a significant decline, resulting in an estimated loss of $120 billion in market capitalization.
Despite the lack of major headlines or market-moving news, the volatility in the cryptocurrency market has raised concerns about the risks associated with leverage trading.
For further context, similar situations have been reported recently, including Bitcoin dropping 5% as the crypto market lost $150 billion in value.
The current market dynamics highlight the precarious nature of cryptocurrency investments.
