Crypto market volatility intensified with $614 million in liquidations over 24 hours, underscoring heightened pressure on both long and short positions.
In the past 24 hours, total cryptocurrency market liquidations surged to $614 million, comprising $425 million from long positions and $189 million from short positions. Bitcoin (BTC) saw $164 million in liquidations, while Ethereum (ETH) experienced $185 million. This marks an escalation from the $500 million in liquidations recorded over the prior 12-hour period, reflecting sustained volatility and significant trader losses.