Global Cryptocurrency Liquidations Surge to $501 Million in a Single Day

Over the past 24 hours, cryptocurrency market liquidations reached a significant level of $501 million according to data from Coinglass. This represents an increase in trading losses for traders across the globe. A total of 117,380 traders were affected by these liquidations, with long positions incurring losses totaling $144 million and short positions facing losses of $357 million.