According to PANews, the cryptocurrency market experienced significant liquidations over the past 24 hours, totaling $527 million. Data from Coinglass reveals that long positions accounted for $426 million of these liquidations, while short positions made up $101 million.
Bitcoin (BTC) saw a total liquidation amount of $67.9474 million, while Ethereum (ETH) experienced liquidations totaling $57.8495 million. This substantial activity in the market highlights the volatility and risks associated with trading in the cryptocurrency space. The data underscores the importance of cautious trading strategies and risk management for investors navigating the dynamic crypto market.
