Cryptocurrency Market Experiences Significant Liquidations

According to Foresight News, data from Coinglass reveals that the cryptocurrency market has experienced substantial liquidations recently. In the past hour alone, the total liquidation amount across the network reached $161 million, with long positions accounting for $148 million of this total. Over the past 12 hours, the liquidation figures have exceeded $510 million. Bitcoin has seen liquidations amounting to $116 million, while Ethereum has experienced $71.69 million in liquidations. Additionally, Dogecoin has faced liquidations totaling $64.76 million. These figures highlight the volatility and risk associated with trading in the cryptocurrency market, as significant price movements can lead to large-scale liquidations. Traders and investors are advised to exercise caution and consider the potential for rapid changes in market conditions.