The cryptocurrency market saw a $120 million liquidation in 24 hours.
Recent data from Coinglass indicates that the cryptocurrency market has seen a $120 million liquidation in the last day, according to Foresight News. $19.11 million comes from short positions and $101 million from long positions. Two of the most well-known cryptocurrencies, Ethereum and Bitcoin, have had liquidations of $32.67 million and $37.43 million, respectively. This large liquidation suggests that the cryptocurrency market is unstable.