The cryptocurrency market is experiencing liquidations worth $277 million over the past 24 hours

According to PANews, data from Coinglass reveals that the cryptocurrency market has seen significant liquidations totaling $277 million in the last 24 hours. Of this total, long positions accounted for $253 million, while short positions experienced liquidations of $23.3 million. Bitcoin (BTC) faced total liquidations of $73.7 million, while Ethereum (ETH) saw liquidations of $75.9 million$BTC $ETH