According to PANews, the cryptocurrency market experienced significant liquidations over the past 24 hours, amounting to $349 million. Data from Coinglass reveals that long positions accounted for $198 million of the liquidations, while short positions made up $151 million.
Bitcoin (BTC) saw a total liquidation of $69.07 million, highlighting the volatility and rapid changes in the market. Meanwhile, Ethereum (ETH) experienced even higher liquidations, with a total of $77.95 million. These figures underscore the ongoing fluctuations and risks associated with trading in the cryptocurrency market.
The substantial liquidations reflect the dynamic nature of the crypto market, where sudden price movements can lead to significant financial consequences for traders. As the market continues to evolve, participants are advised to remain vigilant and consider the inherent risks involved in cryptocurrency trading.
