Crypto Market Suffers Massive Liquidations as Short Positions Drive Losses

A recent report from Foresight News reveals that the cryptocurrency market experienced significant liquidations, amounting to $452 million over the past 24 hours. Long positions accounted for $111 million in losses, while short positions contributed to a staggering $337 million in liquidation values. Notably, Ethereum alone saw a record high of $248 million worth of assets liquidated, followed closely by Bitcoin with $49.57 million.