The source says about $200 million was liquidated in the past hour after Jerome Powell said he is not leaving the Federal Reserve (U.S. central bank).
Roughly $200 million was liquidated from the crypto market in the past hour, according to the source, after Jerome Powell said he is not leaving the Federal Reserve (U.S. central bank). In crypto trading, liquidations happen when leveraged positions are forcibly closed because price moves trigger margin requirements. The reported move highlights how comments tied to U.S. monetary leadership can quickly affect digital asset markets, especially when traders are using leverage.