Crypto Market Experiences $52 Million in Liquidations in 4 Hours

Recent data from Coinglass reveals a significant market shakeup, with approximately $52.17 million in cryptocurrency positions being liquidated within the last four hours. A majority of these losses came from short-selling activity, totaling $38.41 million, while long-positions contributed another $13.76 million to the total liquidation amount. This rapid liquidations rate reflects the heightened volatility and price fluctuations observed across major cryptocurrencies.