Mass Liquidations hit the Crypto Market as Long Positions Worth $27.35 Million Liquidated

Over the past hour, the cryptocurrency market has witnessed significant liquidations, totaling over $27.83 million (approximately 406 billion won), as per CoinGlass data. Notably, a large portion of these liquidations, amounting to $27.35 million (approximately 399 billion won), involved long positions. In contrast, liquidations of short positions accounted for a smaller amount of $475,000 (approximately 7 billion won).