Cryptocurrency Market Experiences Over $34 Million in Liquidations

The cryptocurrency market recently saw substantial liquidation activity, according to data from Coinglass. Over the past hour alone, over $34.48 million was liquidated across various crypto assets. Long positions accounted for approximately $33.23 million of this total loss, while short positions totaled a relatively smaller amount of $970,000. Notably, Bitcoin experienced liquidations totaling $9.2 million, and Ethereum saw similar losses at $6.74 million.