Cryptocurrency Market Sees $148 Million in Liquidations Over 24 Hours

According to PANews, data from Coinglass reveals that the cryptocurrency market experienced significant liquidations amounting to $148 million over the past 24 hours. Of this total, long positions accounted for $80.82 million, while short positions saw liquidations of $67.46 million. Bitcoin (BTC) led the liquidations with a total of $44.71 million, followed by Ethereum (ETH) with $20.85 million. The data highlights the volatility and risk associated with trading in the cryptocurrency market, as substantial amounts were liquidated in a short period. The figures underscore the importance of risk management for traders in the highly volatile cryptocurrency market. As the market continues to evolve, traders are advised to stay informed and exercise caution to mitigate potential losses.