Cryptocurrency Market Experiences Major Liquidations

The cryptocurrency market saw significant liquidations over the past 24 hours, according to data from Coinglass analyzed by TechFlow. Total liquidation amounts reached $287 million, with long positions accounting for $70.31 million and short positions totaling $217 million. Bitcoin accounted for $68.58 million in liquidations while Ethereum saw $65.30 million in losses. In total, 107,083 traders faced liquidation during this period. Notably, a significant single liquidation occurred on a centralized exchange’s BTCUSDT trading pair, amounting to $3.11 million.