Crypto Market Experiences Major Liquidation Event: $327 Million in Losses

The cryptocurrency market experienced significant losses over the past 24 hours, with a total of $327 million in contract liquidations, according to data from Coinglass. Long positions accounted for $206 million of these losses, while short positions contributed $120 million. Bitcoin (BTC) suffered particularly heavy losses, with liquidations reaching $104 million, and Ethereum (ETH) saw $92.76 million in losses.