Cryptocurrency Market Experiences $199 Million in Liquidations Over 24 Hours

According to PANews, data from Coinglass reveals that the cryptocurrency market saw contract liquidations totaling $199 million in the past 24 hours. Of this amount, long positions accounted for $125 million, while short positions amounted to $73.6875 million. Bitcoin liquidations reached $57.3101 million, and Ethereum liquidations totaled $40.5686 million.