In the past 24 hours, the cryptocurrency market faced significant liquidations, as reported by data from Coinglass. The total amount of liquidated positions reached a staggering $134 million. Among these, long positions were predominant, accounting for $85.68 million of the total liquidations. On the other hand, short positions contributed to $48.28 million.

Specifically, Bitcoin experienced liquidations amounting to $27.15 million, while Ethereum was not far behind with $29.43 million in liquidations. This fluctuation highlights the volatile nature of the cryptocurrency market and serves as a reminder for traders to approach their investments with caution..