Cryptocurrency Market Experiences $220 Million in Liquidations Over 24 Hours

According to PANews, data from Coinglass reveals that the cryptocurrency market witnessed liquidations totaling $220 million over the past 24 hours. Of this amount, long positions accounted for $102 million, while short positions saw liquidations of $118 million. Bitcoin (BTC) experienced liquidations amounting to $56.01 million, and Ethereum (ETH) saw liquidations totaling $79.55 million.