Futures money lost⁉️

Red color is dominating with around 660 million $ positions liquidated in futures trading… this type of trading is so dangerous… So bullish investors were slapped and their money was lost👀

As declared by CoinDesk, the crypto market capitalization has dropped 7%, with major tokens like BTC ETH and others falling sharply in the past 24 hours.

This decline was triggered by higher-than-expected inflation data and profit-taking by some traders, with some analysts predicting further losses before a green rebound to continue the great bull run🚀

Bitcoin plunged 8% in the past 24 hours, wiping out weekly gains and kickstarting a market-wide decline. The cryptocurrency slumped from Thursday's high of $73,000 to as low as $65,800 early Friday before slightly recovering.

Meanwhile, Coindesk 20, a broad-based index of most liquid cryptocurrencies, was down 8.25%. Eth ADA, BNB Chain's BNB, and XRP showed similar losses, while volatile meme coins dogecoin and shiba inu fell up to13%.

Only Solana's SOL tokens were in green, up 1% since Thursday. The sell-off started during the U.S. trading hours on Thursday as the February Producer Price Index (PPI) came in 0.6% higher, doubling the pace in January and doubling economist forecasts, dousing hopes for a rate cut in May.#HotTrends #trendingtopic #BTC_live_market_update #FuturesLiquidations