Crypto Market Saw $725 Million in Liquidations: Long Positions Bearly Survived

In a rapid sell-off that shook the crypto market, over $725 million was liquidated within a 24-hour period. This event saw long positions bear most of the losses, totaling around $537.37 million as the market unexpectedly shifted to bearish territory. Traders were caught off guard by this sudden volatility, particularly in the wake of major cryptocurrencies like Bitcoin and Ethereum showing signs of potential downside.