Cryptocurrency Market Suffers $588 Million Liquidations in 24 Hours

A recent report by Foresight News reveals that the cryptocurrency market experienced significant losses over a 24-hour period, with $588 million in liquidations recorded. Long positions accounted for $392 million of these losses, while short positions contributed another $196 million. Ethereum suffered $137 million in losses, and Bitcoin faced a more substantial $235 million in liquidation events.