Crypto Market Sees $159 Million in Liquidations Over 24 Hours

In the past 24 hours, the cryptocurrency market experienced liquidations totaling $159 million, according to ChainCatcher. Data from Coinglass reveals that long positions accounted for $99.53 million of the liquidations, while short positions made up $59.56 million. Bitcoin long positions saw liquidations of $20.01 million, and short positions were liquidated for $14.82 million. Ethereum long positions faced $22.81 million in liquidations, with short positions seeing $8.84 million. Additionally, 72,270 traders were liquidated globally during this period, with the largest single liquidation occurring on Bybit's BTCUSD pair, valued at $3.98 million.