Cryptocurrency Market Experiences $439 Million in Liquidations

A recent surge in market volatility has resulted in a significant liquidation of positions across the cryptocurrency landscape, with data from Coinglass revealing an amount of $439 million over the past 24 hours. The figure includes 124,354 traders affected by this sudden shift in market dynamics. Long-held positions contributed $214 million to the losses, while short positions saw $225 million wiped out. Bitcoin emerged as the biggest loser with $124 million in liquidations, followed closely by Ethereum with $90.1 million.