Cryptocurrency Market Experiences $116 Million in Liquidations Over 24 Hours

According to PANews, recent data from Coinglass reveals that the cryptocurrency market witnessed liquidations totaling $116 million in the past 24 hours. Of this amount, long positions accounted for $44.76 million, while short positions saw liquidations of $70.99 million. Bitcoin (BTC) experienced liquidations amounting to $11.11 million, and Ethereum (ETH) saw $13.83 million in liquidations.