#CryptoMarketPullback Crypto Leverage Cleanup: Controlled Rise in Futures After $875 Million Liquidation
The cryptocurrency market entered the new week with sharp sell-offs, wiping out over $100 billion in market capitalization in the last 24 hours. Total market capitalization fell by approximately 2%, dropping to $3.14 trillion. During this period, Bitcoin (BTC) fell from its intraday peak of $95,500 to $91,900. Towards evening, it recovered to around $93,130, continuing with a daily loss of over 2%.
Along with the price drop, leveraged positions in futures trading also took a heavy hit. Acc