Data from crypto derivatives data platform Coinglass reveals significant liquidations in the crypto market. Over the past 24 hours, major centralized exchanges (CEXs) have liquidated approximately $839 million worth of crypto futures positions, with $739 million being long positions and $100 million being short positions. The liquidations have impacted the prices of various cryptocurrencies, including Bitcoin (BTC), which has seen a slight decrease in value, currently trading at $98,987.9, representing a 1.21% drop. These liquidations highlight the volatile nature of the cryptocurrency market and the risks involved in futures trading. Traders are advised to exercise caution and manage their risk exposure effectively.

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