According to Foresight News, data from Coinglass indicates that the global cryptocurrency market experienced a liquidation of approximately $140 million within the past 24 hours. This 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, saw a liquidation of about $99.01 million. On the other hand, short positions, which are bets that the price of an asset will fall, experienced a liquidation of approximately $41.33 million.
In terms of specific cryptocurrencies, Bitcoin and Ethereum were significantly affected. Bitcoin, the world's largest cryptocurrency by market capitalization, saw a liquidation of about $37.25 million. Ethereum, the second-largest cryptocurrency, experienced a liquidation of approximately $20.11 million. This data provides a snapshot of the volatility and risk associated with investing in cryptocurrencies.
