Crypto Market Liquidations Surge Past $90 Million, ETH and BTC Most Affected

Crypto markets experienced a significant surge in liquidations exceeding $90 million in the past 24 hours. Ethereum (ETH) and Bitcoin (BTC) were heavily impacted, with both long and short positions experiencing substantial volatility. Coinglass reports nearly $196 million of shorts and $54 million of longs affected by these events. This surge has led to heightened caution among traders, especially concerning the volatile price movements of ETH and BTC. 24-hour data from Coinglass highlights significant liquidations, specifically impacting Ethereum and Bitcoin, with a large KASPA event contributing to the volatility.