Crypto Market Sees $357 Million in Liquidations Over 24 Hours

According to Foresight News, data from Coinglass reveals that the cryptocurrency market experienced significant liquidations amounting to $357 million in the past 24 hours. Long positions accounted for $258 million of the liquidations, while short positions saw $99.36 million in liquidations. Bitcoin was the most affected, with liquidations totaling $97.05 million. Ethereum followed, with $43.50 million in liquidations. The data highlights the volatility and risk associated with trading in the cryptocurrency market, as substantial amounts were liquidated in a short period.