Cryptocurrency Market Experiences Significant Liquidations

According to PANews, recent data from Coinglass reveals that the total liquidation amount across the cryptocurrency market reached $53.95 million in the past four hours. Of this, long positions accounted for $11.07 million, while short positions amounted to $42.88 million. Bitcoin (BTC) saw liquidations totaling $28.68 million, and Ethereum (ETH) experienced liquidations amounting to $11.80 million.