Cryptocurrency Market Experiences Significant Liquidations

According to TechFlow, data from Coinglass reveals that the cryptocurrency market witnessed liquidations totaling $172 million over the past 24 hours. Of this amount, long positions accounted for $50.31 million, while short positions made up $122 million. A total of 73,476 traders faced liquidations globally, with the largest single liquidation occurring on a centralized exchange (CEX) involving a BTCUSDT position valued at $1.3982 million.