According to Foresight News, recent data from Coinglass indicates a significant liquidation event in the cryptocurrency market. In the past 24 hours, approximately $113 million worth of positions have been liquidated across the network. This includes $39.22 million in long positions and $74.01 million in short positions.
The Bitcoin market experienced a liquidation of about $27.71 million, while Ethereum saw liquidations amounting to approximately $17.53 million. Additionally, SOL, another cryptocurrency, also faced a liquidation of around $6.59 million.
This data highlights the volatility and risk associated with the cryptocurrency market. Investors are advised to exercise caution and conduct thorough research before entering such markets.