Crypto Market Faces $124 Million in Liquidations Over 24 Hours

The cryptocurrency market witnessed significant liquidations in the last 24 hours, totaling $124 million, according to BlockBeats and data from Coinglass. Out of this, $28.41 million came from long positions, while a staggering $95.36 million was from short positions.

This sharp shift highlights the ongoing volatility in the market, leaving both long and short traders scrambling.

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🔴In the last hour, the liquidation amounted to 93.69 million dollars.
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**$341 Million in Crypto Futures Liquidations Over 24 Hours** 💸: According to Coinglass data, the global cryptocurrency market witnessed $341 million in futures positions being liquidated in the past 24 hours. This included the forced liquidation of long positions worth $70 million and short positions worth $271 million. A total of 82,714 positions were forcibly liquidated during this period, with the largest single liquidation by volume occurring in Bitmex ETHUSD perpetual futures, amounting to $2.88 million. 📉💼 #CryptoFutures #Liquidations #CryptocurrencyMarket 📊💰