Crypto Market Sees Over Half a Billion Dollars in Liquidations
According to Odaily, data from Coinglass reveals that the cryptocurrency market experienced substantial liquidations totaling $522 million over the past 24 hours. Both long and short positions were significantly impacted.
Key Figures:
* Long positions accounted for $222 million in liquidations.
* Short positions saw even higher liquidations, reaching $300 million.
Among the major cryptocurrencies, Ethereum (ETH) bore the brunt of the activity with $211 million in liquidations, while Bitcoin (BTC) faced $65.7 million in liquidations during the same period.
