Cryptocurrency market witnesses $157 million liquidation in 24 hours.
According to PANews, recent data from Coinglass reveals that the cryptocurrency market has seen a total liquidation of $157 million in the last 24 hours. This liquidation affected 65,294 people. The majority of the liquidation, worth $112 million, occurred in long positions, while short positions accounted for approximately $44.59 million.
In terms of specific cryptocurrencies, Ethereum (ETH) had a total liquidation of $39.43 million, while Bitcoin (BTC) had a liquidation of $33.77 million. This data provides a snapshot of the volatility and risk associated with the cryptocurrency market, highlighting the potential for significant losses in a short period of time.
