According to data from Coinglass, in the past hour, the cryptocurrency market has seen liquidations worth 343 million USD. Of that, long positions accounted for 329 million USD, while short positions faced liquidations of 13.3859 million USD. Notably, Bitcoin has been liquidated for a total of 122 million USD, while Ethereum reached a liquidation of 90.3395 million USD.
These numbers reflect strong volatility in the cryptocurrency market as investors face significant risks from price reversals. In fact, liquidating hundreds of millions of USD in such a short time can create significant psychological pressure for those participating in trading.
