$218M Liquidated in 24 Hours, Shorts Hit Hardest

In the last 24 hours, the crypto market saw a significant amount of liquidation, totaling $218 million. Notably, short positions accounted for the majority of the liquidations, amounting to $171 million, while long positions made up the remaining $46.58 million. This data highlights the current volatility and risk associated with the cryptocurrency market, where traders can experience substantial losses due to rapid price movements and changing market sentiment.