$120 Million in Liquidations Spark Market Volatility

The cryptocurrency market experienced significant volatility in the past 24 hours, with a total of $120 million in liquidations across the entire network. This triggered both long and short squeezes, causing prices to fluctuate wildly.

According to Coinglass data, the network saw $71.35 million in long liquidations and $48.36 million in short liquidations within this timeframe.

This level of liquidation is a significant event in the cryptocurrency market, as it can have far-reaching effects on market sentiment and prices.