Cryptocurrency Market Experiences $378 Million in Liquidations Over 24 Hours

The cryptocurrency market witnessed significant liquidations amounting to $378 million in the past 24 hours. According to ChainCatcher, data from Coinglass reveals that long positions accounted for $190 million, while short positions saw $187 million in liquidations. Bitcoin long positions experienced liquidations of $82.5957 million, and short positions faced $120 million in liquidations. Ethereum long positions were liquidated for $48.6524 million, with short positions seeing $31.6986 million in liquidations.