Cryptocurrency Market Sees Massive Liquidations of Over $1.3 Billion

A recent report by TechFlow highlights a substantial liquidations event in the cryptocurrency market, with over $1.362 billion in losses observed within the last 24 hours. These liquidations primarily affected long positions, totaling $1.205 billion, while short positions accounted for a smaller portion of $157 million. A global network of 278,102 traders faced liquidation, with one notable event occurring on a centralized exchange (CEX) involving BTC-USDT pair worth $44.292 million. #BTC