SPCX Contracts See Record Liquidations Amid Market Volatility

The cryptocurrency market saw significant liquidation activity in the past hour, surpassing Bitcoin and Ethereum. According to Coinglass data, SPCX contracts experienced total liquidations of nearly $6 million. This figure includes $4.24 million in liquidations from SPCX trading pairs and $1.6 million from XYZ:SPCX trading pairs.

In comparison, the same period saw liquidations of $4.86 million for Bitcoin and $4.35 million for Ethereum. The data suggests that the market volatility is affecting SPCX contracts more significantly than other major cryptocurrencies.