$BTC $ETH
The cryptocurrency market is in turmoil!
$259 million liquidated across the network in 24 hours!
Long positions hit hard!
According to Coinglass data, the past day has revealed dramatic fluctuations in the cryptocurrency market.
The total liquidation amount reached $259 million, with long positions significantly affected, amounting to $183 million, and short positions liquidated at $75.8898 million.
Both BTC and ETH, the two major cryptocurrencies, were not spared, with BTC liquidations at $52.1014 million and ETH liquidations at $46.6118 million. What exactly has happened in the market? Why have long positions become the hardest hit?
Cryptocurrency investors are on high alert, closely monitoring market dynamics, trying to find new directions and opportunities amidst the turbulence.
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