Massive Crypto Liquidations: $84 Million Lost in 24 Hours, Long Positions Bear the Brunt

The cryptocurrency market is known for its volatile nature, with rapid price swings and significant events. Recently, a particularly impactful period witnessed over $84 million worth of long positions being liquidated within just 24 hours. This event stands out due to the massive proportion of liquidations targeted at bullish bets across major digital assets. The article explores the mechanics of crypto liquidation, its impact on specific tokens like Ethereum and Bitcoin, and provides actionable insights for traders navigating volatile markets.