Cryptocurrency Market Experiences Significant Liquidations in 24 Hours

According to PANews, the cryptocurrency market witnessed substantial liquidations amounting to $517 million over the past 24 hours. Data from Coinglass reveals that long positions accounted for $101 million of the liquidations, while short positions totaled $415 million. Bitcoin (BTC) saw liquidations reaching $164 million, and Ethereum (ETH) experienced liquidations totaling $118 million.