Crypto Market Liquidations Reach $259 Million in 24 Hours

A significant amount of cryptocurrency was liquidated in the past 24 hours, according to data from Coinglass. The total value lost by traders amounted to $259 million, with long positions accounting for $158 million and short positions adding up to $101 million. This massive liquidation affected a staggering 96,739 traders globally. The largest single liquidation, valued at $4.1976 million, occurred on a centralized exchange (CEX) involving an ETH-USDT swap.