Cryptocurrency Market Experiences Significant Liquidations Over 24 Hours

In the past 24 hours, the cryptocurrency market witnessed liquidations totaling $85.34 million, according to ChainCatcher. Data from Coinglass reveals that long positions accounted for $44.95 million of the liquidations, while short positions made up $40.39 million. Specifically, Bitcoin long positions saw liquidations of $15.19 million, and short positions were liquidated for $11.28 million. Ethereum long positions experienced $7.03 million in liquidations, with short positions at $5.93 million. During this period, a total of 45,140 traders faced liquidations globally. The largest single liquidation order occurred on Bybit's BTCUSDT pair, valued at $1.99 million.