Crypto Market Experiences $239 Million Liquidation in 24 Hours

The cryptocurrency market underwent a significant shakeup within the past 24 hours, resulting in a total liquidation of $239 million across various trading contracts. According to data from Coinglass, long positions accounted for $154 million in liquidations, while short positions saw a corresponding $84.39 million liquidated. Bitcoin (BTC) suffered a particularly significant loss with a total liquidation of $49.27 million, followed closely by Ethereum (ETH), which experienced $39.06 million in liquidations.