Key takeaways
- The crypto market saw $340 million in liquidations in four hours.
- Experts warn traders about leverage risks during volatile declines.
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According to CoinGlass data, around $340 million in leveraged positions were liquidated over the past four hours as Bitcoin, Ethereum and other crypto assets fell.
Bitcoin fell to $93,000 after briefly surpassing $95,000 on Monday morning. The largest cryptocurrency was trading around $93,700 at press time, extending its weekly losses to more than 10%.
Ethereum retreated to $3,100, while XRP, Solana, BNB, TRON and other top cryptocurrencies also fell during the downturn.
Sharp swings in major cryptocurrencies have highlighted growing market volatility, with rapid price drops triggering a wave of forced shutdowns on derivatives platforms.
