The cryptocurrency market experienced a significant wave of liquidations over the past 24 hours, with a total of $241 million being liquidated across all exchanges. According to data from Coinglass, this liquidation was largely driven by long positions, which accounted for $194 million of the total amount.
Liquidation Breakdown
* Long positions accounted for $194 million of the total liquidation * Short positions accounted for $46.69 million of the total liquidation
This significant liquidation is likely a result of the recent volatility in the crypto market, with prices fluctuating wildly over the past few days. The exact cause of this liquidation remains unclear, but it is possible that traders were caught off guard by sudden price movements.
Source: M.theblockbeats.info
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