Crypto Market Sees $327M Liquidation Amidst Bearish Trends

A significant shakeup occurred within the cryptocurrency market over the last 24 hours, with over $327 million worth of positions being liquidated across exchanges. Long positions bore the brunt of these losses, accounting for roughly $235 million of the total liquidation amount. The sudden price drop triggered a wave of forced selling as traders found themselves struggling to meet margin requirements following the downtrend in major cryptocurrencies like Bitcoin and Ethereum.