Bitcoin, Ether drop as $370M in leveraged positions liquidated in an hour

Bitcoin and Ether fell as $370 million in leveraged positions were liquidated within a single hour. The wipeout underscores how volatile crypto markets remain and how quickly high leverage can turn against traders. Rapid price swings forced the closures, and the episode highlights the risk that crowded leveraged positioning can amplify sudden moves in Bitcoin and Ether prices.