According to PANews, data from Coinglass reveals that the cryptocurrency market witnessed a total liquidation of $125 million in contracts over the past 24 hours. Long positions accounted for $52.65 million of the liquidations, while short positions saw $72.70 million in liquidations. Bitcoin (BTC) experienced a liquidation amounting to $25.09 million, whereas Ethereum (ETH) faced liquidations totaling $38.54 million.