Cryptocurrency Market Experiences $253 Million Liquidation in Four Hours

Recent data from Coinglass reveals a substantial liquidation event within the cryptocurrency market, amounting to $253 million over the past four hours. Long positions accounted for $49.78 million of these losses, while short positions experienced the majority of the liquidation, totaling $203 million. Bitcoin (BTC) saw liquidations worth $35.65 million, whereas Ethereum (ETH) witnessed a significantly higher volume, with $117 million liquidated, representing approximately 3.28 times the amount of Bitcoin’s losses.