Crypto Market Suffers $71 Million Liquidation in Past Hour

A recent surge in market volatility has led to significant liquidations across the cryptocurrency market, according to data from Coinglass. Over the past hour alone, approximately $71 million worth of assets have been liquidated. The majority of these losses, totaling $69.71 million, were attributed to long positions, while short positions experienced a smaller liquidation volume of $1.36 million. These rapid shifts in market dynamics underscore the volatile and ever-changing nature of the crypto trading environment.