Crypto Market Suffers $366 Million in Liquidations in 24 Hours

The cryptocurrency market recently faced significant liquidation activity, with a total of $366 million recorded over the past 24 hours, according to data from Coinglass. This figure is comprised of $208 million in long positions and $158 million in short positions. Bitcoin (BTC) specifically experienced a notable $88.845 million in liquidations, while Ethereum (ETH) saw $72.9094 million in losses.