Cryptocurrency Market Experiences Significant Liquidations

According to PANews, recent data from Coinglass reveals that the cryptocurrency market has witnessed substantial liquidations over the past 24 hours, amounting to $199 million. Of this total, long positions accounted for $129 million, while short positions saw liquidations of $70.39 million. Bitcoin (BTC) experienced liquidations totaling $26 million, while Ethereum (ETH) saw liquidations amounting to $28.67 million. These figures highlight the volatility and rapid changes occurring within the cryptocurrency market, impacting both long and short positions significantly.