Cryptocurrency Market Experiences $418 Million Liquidation in 24 Hours

According to PANews, data from Coinglass reveals that the cryptocurrency market witnessed a total liquidation of $418 million in the past 24 hours. Of this amount, long positions accounted for $195 million, while short positions saw liquidations totaling $224 million. Bitcoin (BTC) experienced a total liquidation of $164 million, and Ethereum (ETH) saw liquidations amounting to $81.38 million.