Data from Coinglass, reported by TechFlow, shows that the cryptocurrency market experienced significant liquidations totaling $259 million in the past 24 hours. Long positions bore the brunt of the losses, accounting for $158 million, while short positions made up $101 million.
The liquidations impacted 96,739 traders worldwide, with the largest single liquidation occurring on a centralized exchange (CEX). This notable trade involved an $ETH -USDT swap worth $4.1976 million, highlighting the heightened market volatility.
The figures underscore the risks traders face during periods of sharp price swings, with leveraged positions being particularly vulnerable to sudden market movements.
