$200 million in crypto longs wiped out in 1 hour

In a sudden show of volatility, the crypto market saw nearly $200 million in long positions wiped out in just one hour on Monday, December 15. The sudden sell-offs pushed total long liquidations beyond $366 million on the day, highlighting the fragility of leveraged trades amid heightened uncertainty, as evidenced by real-time liquidation data Finbold assessed on Coinglass.  Notably, the largest single liquidation order happened on the Binance cryptocurrency exchange platform, valued at $5.26 million, while Bybit reported the biggest number of liquidations overall ($62 source: https://finbold.com/200-million-in-crypto-longs-wiped-out-in-1-hour/