According to BlockBeats, recent data from Coinglass shows that the cryptocurrency market has seen significant liquidations in the last 24 hours, totaling an impressive US$346 million. Of this amount, US$244 million were long positions, while short positions totaled US$102 million. In addition to the financial impact, the numbers reveal that 137,376 traders were affected during this period, highlighting the high volatility of the market and the risks associated with trading. Liquidations occur when leveraged positions are automatically closed due to a lack of sufficient margin to cover losses, something that usually intensifies in times of market instability. 💡 Remember: In the cryptocurrency market, preparation is everything! Study, plan and protect your investments. So, how is your strategy? 🚀
