Foresight News reports that the cryptocurrency market has experienced significant liquidations in the past 24 hours, totaling a staggering $281 million. This figure encompasses $104 million in long positions and $177 million in short positions. Notably, Bitcoin and Ethereum were heavily impacted, with Bitcoin seeing liquidations amounting to $77.46 million while Ethereum encountered $57.77 million in liquidations.

These numbers underscore the heightened volatility and inherent risks of trading within the cryptocurrency market, where traders are constantly adjusting to the rapid fluctuations in asset prices..