Cryptocurrency Market Sees $177 Million in Liquidations Over 24 Hours

According to PANews, the cryptocurrency market experienced significant liquidations amounting to $177 million over the past 24 hours. Data from Coinglass reveals that long positions accounted for $153 million of the liquidations, while short positions saw $23.95 million in liquidations. Bitcoin (BTC) faced liquidations totaling $46.48 million, and Ethereum (ETH) saw liquidations amounting to $40.91 million. The data highlights the volatility and risk associated with trading in the cryptocurrency market, as substantial amounts were liquidated in a short period.