According to BlockBeats, data from Coinglass reveals that the cryptocurrency market experienced a total liquidation of $162 million within the past 24 hours. Out of this amount, long positions accounted for $114 million, while short positions made up $48.35 million.
The significant liquidation in the market indicates a high level of volatility, which is a common characteristic of the cryptocurrency market. Investors and traders should remain cautious and closely monitor market trends to make informed decisions.