Crypto Market Sees Substantial Liquidations in Latest 24 Hours

A recent report by TechFlow has revealed substantial cryptocurrency market liquidations totaling $192 million over the past 24 hours. This was driven by a balance of long and short position liquidations, with long positions accounting for $70.8 million in losses while short positions saw liquidation worth $122 million. A total of 71,212 traders were impacted globally. The largest single liquidation occurred on a centralized exchange (CEX) involving a BTCUSDT trade valued at $3.2799 million.