Crypto Market Suffers Massive Liquidations as Losses Mount

The cryptocurrency market recently witnessed a significant outflow of capital, with data from Coinglass revealing over $462 million in liquidations within the past 24 hours. Long positions contributed to approximately $192 million of these losses, while short positions totaled $269 million. Bitcoin suffered notable liquidation losses at $188 million, and Ethereum experienced a similar level of $126 million in losses.