Crypto markets faced a dramatic shake-up as liquidations surged past RM3.7 billion (USD $800 million) in just 24 hours. The total market capitalization has plunged nearly 30% since October 6, exposing the fragility of leveraged trading.
RM3.7 Billion Crypto Liquidations
Bitcoin and other digital assets saw positions rapidly closed as volatility breached critical margin thresholds, forcing automatic sell-offs across major exchanges.
This wave of liquidations underscores the inherent risks of high-leverage strategies, where sudden price swings can wipe out collateral and trigger cascading losses. The downturn highlights growing instability in the digital asset sector, leaving investors wary of further shocks in the volatile crypto landscape.
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