Crypto Market Experiences $124 Million Liquidation in 24 Hours

In the past 24 hours, the cryptocurrency market witnessed liquidations totaling $124 million, according to ChainCatcher. Data from Coinglass reveals that long positions accounted for $49.86 million, while short positions amounted to $74.32 million. Bitcoin saw long position liquidations of $9.86 million and short position liquidations of $25.03 million. Ethereum experienced long position liquidations of $13.01 million and short position liquidations of $28.84 million. During this period, 62,908 traders globally faced liquidations, with the largest single liquidation occurring on Bitget's ETHUSDT_UMCBL, valued at $2.43 million.