Crypto Liquidations Surge Above $506M as Bitcoin Teases Below $113K: Expert Insights on Midterm Outlook

The cryptocurrency leveraged market saw significant trading activity in the past 24 hours, with over $506 million in liquidations recorded. CoinGlass data shows that 143,027 traders were affected, with long positions accounting for more than $430 million compared to short positions of $77 million. This surge comes amidst a broader correction in the crypto market following a similar trend observed in major stock indexes such as the S&P 500 and NASDAQ.