According to Foresight News, data from Coinglass reveals that the cryptocurrency market has experienced substantial liquidations recently. In the past hour alone, the total liquidation amount across the network reached $161 million, with long positions accounting for $148 million of this total.
Over the past 12 hours, the liquidation figures have exceeded $510 million. Bitcoin has seen liquidations amounting to $116 million, while Ethereum has experienced $71.69 million in liquidations. Additionally, Dogecoin has faced liquidations totaling $64.76 million.
These figures highlight the volatility and risk associated with trading in the cryptocurrency market, as significant price movements can lead to large-scale liquidations. Traders and investors are advised to exercise caution and consider the potential for rapid changes in market conditions.
