Crypto market shakes as Bitcoin futures record 5th-largest single-day decline

Blog post1 min readUpdated Feb 24, 2025View source ↗

Quick Take Last Thursday’s cryptocurrency market experienced an extreme event best described as a liquidation cascade. This phenomenon resulted in one of the most significant single-day wipeouts of open interest ever recorded. In terms of the total USD value allocated in open futures contracts, this was the second-largest decrease, underscoring the sheer scale of the […]. The post Crypto market shakes as Bitcoin futures record 5th-largest single-day decline appeared first on CryptoSlate.

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