Substantial liquidations occurred: Recent data shows liquidations reached 199 million USD, with long positions contributing 129 million USD and short positions at 70.39 million USD. This highlights the severe fluctuations investors face in the cryptocurrency market.
BTC and ETH face significant losses: Liquidations of Bitcoin (BTC) reached 26 million USD, while Ethereum (ETH) saw 28.67 million USD. This situation underlines the ongoing risks that traders encounter and the potential for significant financial losses.