Cryptocurrency Market Experiences $158 Million Liquidation in 24 Hours

The cryptocurrency market experienced a notable event on Tuesday as over $158 million was liquidated within just 24 hours, according to BlockBeats and Coinglass data. Long positions accounted for the bulk of this liquidation at $73.45 million, while short positions contributed an additional $84.48 million. This substantial activity underscores the inherent volatility and level of risk associated with trading cryptocurrencies.