Crypto Market Sees $285 Million Liquidation in Past 4 Hours, Long Positions Dominate Losses

According to the latest data from Coinglass, the crypto market witnessed a significant $285 million liquidation over the past four hours, with losses primarily attributed to long positions.Key Liquidation Figures:Total Liquidation: $285 millionLong Position Liquidation: $219 million (76.8%)Short Position Liquidation: $65.85 million (23.2%)The sharp rise in liquidations comes amid heightened volatility in the market, with Bitcoin and major altcoins experiencing rapid price swings. Analysts suggest that the market's sudden movement may have caught many traders off guard, triggering widespread liquidations of overleveraged positions.What’s Driving the Liquidations?The current wave of liquidations could be attributed to:Market Uncertainty: Following recent price rallies and corrections in Bitcoin and other major cryptocurrencies.Trump's Pro-Crypto Policies: Speculation surrounding President Donald Trump’s potential Bitcoin strategic reserve plan has caused market fluctuations.Economic Factors: Ongoing anticipation of Federal Reserve policy decisions and inflation data releases.