Major exchanges have liquidated a staggering $158 million worth of futures positions in the past hour. This follows a trend of heavy liquidations, with over $1.223 billion worth of futures positions liquidated in the past 24 hours. The liquidations come amid a sharp decline in the cryptocurrency market, with Bitcoin (BTC) and other major cryptocurrencies experiencing significant losses. The drop has been attributed to a combination of factors, including rising inflation, geopolitical tensions, and concerns over the stability of the crypto industry. The liquidations are a reminder of the risks involved in futures trading, which can result in substantial losses if the market moves against the trader's position. Traders should carefully consider their risk tolerance and investment strategy before entering into futures contracts. ```

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