Crypto Market Experiences $363 Million Liquidation in 24 Hours

In the past 24 hours, the cryptocurrency market witnessed liquidations totaling $363 million, according to ChainCatcher. Data from Coinglass reveals that long positions accounted for $243 million of the liquidations, while short positions made up $120 million. Specifically, Bitcoin long positions saw liquidations of $89.97 million, and short positions experienced $50.73 million in liquidations. Ethereum long positions faced $70.21 million in liquidations, with short positions at $40.27 million. Additionally, over the last 24 hours, a total of 94,934 traders were liquidated globally. The largest single liquidation occurred on Bybit's BTCUSD market, amounting to $9.8018 million.