Crypto Futures Record $1B in Liquidations as Bitcoin Nosedives, Ether Slumps Most Since 2021

Crypto-tracked futures saw over $1 billion million in liquidations in the past 24 hours amid a market sell-off, with ether futures recording $304 million in liquidations.
Over 200,000 traders were liquidated, with the largest single liquidation order worth $27 million on Huobi.
Bitcoin and ether prices fell, with ether experiencing its steepest single-day drop since May 2021, and the crypto fear and greed index indicating "fear."