According to PANews, data from Coinglass reveals that the cryptocurrency market has experienced a contract liquidation of $196 million in the past 24 hours. This liquidation has affected a total of 62,725 individuals.
The liquidation was divided into two categories: long positions and short positions. The long positions, which are bets that the price of a particular asset will rise, accounted for $104 million of the total liquidation. On the other hand, short positions, which are bets that the price of an asset will fall, accounted for approximately $92.62 million.
In terms of specific cryptocurrencies, Bitcoin (BTC) and Ethereum (ETH) were the most affected. The total amount of Bitcoin liquidated was approximately $69.92 million, while Ethereum saw a liquidation of about $44 million.
