Crypto market liquidations hit $197 million in 24 hours

According to Coinglass data, the crypto market saw $197 million in total liquidations over the past 24 hours, consisting of $84.38 million in long positions and $113 million in short positions. Bitcoin liquidations totaled $10.27 million for longs and $17.75 million for shorts, while Ethereum saw $11.15 million in long liquidations and $28.53 million in short liquidations. A total of 94,280 traders were liquidated, with the largest single liquidation occurring on Bybit for an ETHUSDT position valued at $1.21 million.