The cryptocurrency market experienced a sharp spike in volatility recently, leading to significant liquidations in futures positions. Over the past hour, more than $111 million in crypto futures were liquidated across major exchanges, impacting traders holding leveraged positions. Bitcoin and Ethereum were particularly affected, with many traders betting on continued upward momentum caught off guard. The total liquidations over the last 24 hours amounted to $254 million, signaling a period of heightened risk and uncertainty in the crypto space. Analysts attribute this volatility to a combination of factors, including macroeconomic concerns, regulatory news, and profit-taking after recent price gains. Traders are advised to exercise caution and manage risk effectively during these turbulent times. Monitoring market trends, using stop-loss orders, and diversifying portfolios can help mitigate potential losses. ```

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