Market Turmoil Sparks Liquidations of $190M in Leveraged Positions

Wednesday, 12 June 2024, 13:37
The recent market downturn has resulted in significant liquidations, causing a loss of approximately $190 million in leveraged positions. Investors are closely monitoring the Consumer Price Index (CPI) data amidst the volatile crypto market conditions. The widespread liquidations serve as a cautionary tale for traders navigating the current economic landscape.
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Market Turmoil Sparks Liquidations of $190M in Leveraged Positions

Market Turmoil and Losses

The current market drop has triggered widespread liquidations, resulting in the loss of almost $190 million from leveraged positions.

Impact of CPI Data

Investors are concerned about the upcoming CPI data and its potential impact on the already volatile market conditions.

Traders are advised to exercise caution and closely monitor their positions to avoid further losses.

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