Crypto Futures Carnage: $484M Liquidated as Bitcoin Dips

A sudden dip in Bitcoin's price has triggered a massive liquidation wave in the crypto futures market, wiping out over $484 million in trader positions. More than 183,000 traders were affected in this sell-off, with the largest single loss—a staggering $13.24 million—occurring on Binance, one of the world’s largest crypto exchanges.

The sell-off comes amid increased market volatility, as Bitcoin briefly dropped below key support levels, catching many traders off guard