Cryptocurrency Market Experiences Large-Scale Liquidations

A recent surge in market volatility has led to significant liquidations across the cryptocurrency landscape. Data from CoinAnk reveals that over the past 24 hours, more than $278 million worth of positions were liquidated. This includes $211 million in long positions and $66.34 million in short positions. Notably, Bitcoin saw a substantial loss of around $57.68 million due to liquidation events, while Ethereum suffered liquidations totaling $77.44 million.