Cryptocurrency Market Sees Major Liquidations: Over $222 Million in Losses

The cryptocurrency market experienced a significant amount of liquidations over the past 24 hours, reaching $222 million according to data from TechFlow and Coinglass. Long positions accounted for $173 million of these losses, while short positions totaled $48.6 million. A total of 77,966 traders were affected by liquidations, with a particularly large incident on a centralized exchange (CEX) involving an ETH-USDT position worth $2.3588 million.