According to Coinglass data, the cryptocurrency market has experienced a massive liquidation of over $1 billion in the last 24 hours. The majority of this loss (approximately $894 million) occurred when bullish investors closed their positions. Liquidation of short positions was recorded as 136 million dollars. Bitcoin and Ethereum were the crypto assets most affected by this situation, experiencing liquidations of $ 347 million and $ 340 million, respectively.