Crypto Market Sees $208 Million in Liquidation Over 24 Hours

A massive $208 million in cryptocurrency market liquidations occurred over the past 24 hours, according to data from CoinAnk as reported by Foresight News. The lion’s share of these losses – $84.98 million – came from long positions being forced to close their trades, while short positions suffered $123 million in liquidation. Bitcoin accounted for a significant portion of this $51.44 million in liquidations, while Ethereum saw a similar amount of $59.28 million in losses.