According to PANews, data from Coinglass reveals that the cryptocurrency market has experienced a liquidation of contracts amounting to $101 million in the past 24 hours. This liquidation has affected 41,680 individuals.
The liquidation of long positions accounted for approximately $38.55 million, while short positions accounted for about $62.54 million. The Bitcoin (BTC) liquidation totalled around $31.07 million, and Ethereum (ETH) liquidations amounted to approximately $18.44 million.
This event signifies a significant movement in the cryptocurrency market, affecting a large number of traders. The data provides an insight into the volatility of the market and the risks associated with trading in cryptocurrencies.
