According to Foresight News, data from Coinglass reveals that the cryptocurrency market experienced liquidations totaling $98.9 million in the past 24 hours. Of this amount, $41.9 million were long positions, while $56.99 million were short positions.

Bitcoin accounted for $31.06 million of the liquidations, and Ethereum saw $22.25 million in liquidations. The data highlights the volatility and risk associated with trading in the cryptocurrency market, as significant liquidations can occur within a short period.