According to PANews, data from Coinglass reveals that the cryptocurrency market experienced a liquidation of contracts worth $285 million in the past 24 hours. This liquidation affected approximately 93,413 individuals. The liquidated contracts included $144 million in long positions and $141 million in short positions. Bitcoin (BTC) contracts accounted for around $90.97 million of the total liquidated amount, while Ethereum (ETH) contracts made up approximately $64.88 million. This significant liquidation event underscores the volatility inherent in the cryptocurrency market.