Over the last 24 hours, the cryptocurrency market has witnessed a total liquidation of around $133 million, as reported by Foresight News citing Coinglass data. Long positions contributed roughly $78.92 million to this figure, with short positions adding approximately $54.02 million.
Notably, Bitcoin, the leading cryptocurrency, endured a liquidation of approximately $39.46 million, indicating intense selling pressure within its market.
Ethereum and Dogecoin, two other prominent digital currencies, also witnessed sizable liquidations, with Ethereum shedding about $25.59 million and Dogecoin succumbing to liquidations totaling $4.87 million.
This data underscores the volatility of the cryptocurrency market within a short span of time.
