Cryptocurrency Market Experiences $279 Million in Liquidations Over 24 Hours

In the past 24 hours, the cryptocurrency market witnessed liquidations totaling $279 million, according to Coinglass data. According to ChainCatcher, long positions accounted for $170 million of the liquidations, while short positions made up $109 million. Specifically, Bitcoin long positions saw liquidations of $46.77 million, and Bitcoin short positions experienced $18.47 million in liquidations. Ethereum long positions faced $63.43 million in liquidations, with Ethereum short positions seeing $25.69 million liquidated.