The cryptocurrency market experienced heightened volatility over the past 24 hours, with approximately $435 million in positions liquidated, affecting 91,821 traders according to CoinGlass. Long positions bore the heaviest losses at $269 million, compared with $171 million for short positions. Bitcoin was the most affected asset with $163.8 million in liquidations, followed by Ethereum at $68 million, while other cryptocurrencies accounted for $50 million. Trading at $78,006, Bitcoin is testing a support zone between $76,000 and $78,000, but weakening momentum indicators suggest a possible decline toward $74,000 or even $70,000. Hyperliquid recorded $39.84 million in liquidations over four hours, followed by Binance with $29 million and OKX with $9.09 million.
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