Crypto market liquidations reach $513 million in 24 hours

According to Coinglass, the crypto market saw $513 million in liquidations over the past 24 hours, with $443 million in long positions and $70 million in short positions wiped out. Bitcoin long liquidations totaled $130 million, while Ethereum long liquidations reached $95.56 million. A total of 118,101 traders were liquidated, with the largest single liquidation occurring on Binance for an ETHUSDT position valued at $10.04 million.