According to PANews, data from Coinglass reveals that the cryptocurrency market experienced a total contract liquidation of $193 million in the past 24 hours. This liquidation affected 85,846 individuals.
The majority of the liquidation, amounting to $151 million, was from long positions, while short positions accounted for approximately $41.88 million. Bitcoin (BTC) and Ethereum (ETH) were significantly impacted, with liquidation amounts of approximately $43.60 million and $38.72 million respectively.