Cryptocurrency Market Experiences $227 Million in Liquidations Over 24 Hours

In the past 24 hours, the cryptocurrency market witnessed liquidations totaling $227 million, according to ChainCatcher. Data from Coinglass reveals that long positions accounted for $156 million of the liquidations, while short positions amounted to $71.46 million. Bitcoin long positions saw liquidations of $57.36 million, with short positions experiencing $28.94 million in liquidations. Ethereum long positions faced $49.03 million in liquidations, while short positions were liquidated for $16.90 million.