High liquidations confirm extreme volatility. Excessive leverage continues to be unwound, which may pressure prices in the short term before any stabilization.

Major cryptocurrency exchanges have witnessed $125 million in futures liquidations within the past hour. According to NS3.AI, the total futures liquidations over the last 24 hours have reached approximately $1.53 billion. This substantial liquidation volume indicates heightened market volatility and suggests potential bearish pressure in the short term.