Over $99 million has been liquidated from the crypto market in the last hour, with approximately $90 million coming from long positions. The data suggests bullish traders were heavily caught offside as the market moved lower, triggering a wave of forced liquidations across leveraged positions.

Large liquidation events like this often highlight excessive leverage in the market and can contribute to increased short-term volatility. It's another reminder that risk management remains critical, especially during periods of uncertainty and rapid price swings.