Crypto Market Suffers $588 Million in Liquidations: Data from Coinglass

A recent report by Foresight News reveals a significant loss in the cryptocurrency market, with over $588 million in liquidations recorded within the past 24 hours. Long positions accounted for approximately $392 million of this total loss, while short positions saw losses amounting to $196 million. Notably, Ethereum experienced the largest single-asset liquidation amount at $137 million, while Bitcoin faced $235 million in liquidations.