Crypto Market Faces Major Liquidations as Losses Reach $270 Million

A significant amount of cryptocurrency investments were liquidated in the past 24 hours, totaling $270 million according to data from Coinglass. This includes losses on long and short positions, with long positions responsible for $181 million in liquidations. Short positions have incurred $89.06 million in losses. Ethereum experienced particularly significant losses of $83.48 million, while Bitcoin also saw substantial losses at $89.35 million.