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Crypto Market Sees $253 Million in Liquidations Within Four Hours
PANews, citing data from Coinglass, reports that the cryptocurrency market underwent a sharp liquidation event totaling $253 million over a four-hour span. Of this, long positions made up $49.78 million, while short positions took a heavier hit with $203 million liquidated. Bitcoin (BTC) saw $35.65 million in liquidations, while Ethereum (ETH) faced a significantly larger figure of $117 million—roughly 3.28 times higher than Bitcoin’s.
