Crypto Market Suffers Massive Liquidations of Over $710 Million in 24 Hours

The cryptocurrency market experienced a significant sell-off within the past 24 hours, with over $710 million in liquidations recorded according to BlockBeats data from Coinglass. A total of 217,395 traders were impacted by these rapid price shifts. Long positions accounted for $508 million in losses, while short-sellers saw a loss of $202 million. The largest single liquidation was on the Hyperliquid exchange, involving Bitcoin with a value of $20.4274 million.