Crypto Market Liquidation Soars: $199 Million in Losses Over 24 Hours

A significant amount of cryptocurrency investments were liquidated over the past 24 hours, according to data from Coinglass. The market experienced a whopping $199 million in total contract liquidations. These losses were primarily driven by long positions totaling $125 million and short positions accounting for $73.6875 million. Bitcoin saw $57.3101 million in liquidations, while Ethereum suffered $40.5686 million in losses.