The cryptocurrency market experiences significant liquidations

AI Summary

According to Flow technology, the cryptocurrency market has experienced significant liquidations totaling $222 million over the past 24 hours, as reported by CoinGlass data on May 5. Long positions accounted for $173 million of the liquidations, while short positions reached $48.6 million. A total of 77,966 traders faced liquidations, with the largest individual liquidation occurring on a centralized exchange (CEX) related to an ETH-USDT position worth $2.3588 million.