Crypto Market Sees $230 Million in Liquidation Within 24 Hours

The cryptocurrency market experienced a significant liquidation event, with an estimated $230 million wiped out within the last 24 hours, as tracked by Coinglass. Notably, long positions accounted for $142 million of this loss, while short positions suffered $87.38 million in losses. Bitcoin (BTC) and Ethereum (ETH) also experienced substantial liquidations, totaling $35.92 million and $74.77 million respectively.