Crypto market sees $401 million in liquidations over 24 hours

According to Coinglass data, the crypto market recorded $401 million in total liquidations over the past 24 hours, consisting of $160 million in long positions and $241 million in short positions. Bitcoin saw $35.00 million in long liquidations and $42.08 million in short liquidations, while Ethereum saw $39.65 million in long liquidations and $80.05 million in short liquidations. A total of 121,969 traders were liquidated, with the largest single liquidation occurring on Binance for an ETHUSDT position valued at $5.34 million.