Major cryptocurrencies on Thursday evening dropped as traders betting on long positions faced substantial liquidation. What Happened: According to the data from Coinglass, the past 24 hours have seen over $200 million worth of cryptocurrency long positions liquidated. Specifically, for BTC, longs worth over $65 million were liquidated, while for ETH, over $27 million in longs faced the same fate. The total number of traders liquidated in this period stands at 90,781, with the total liquidation amount reaching $227.91 million for both long and short positions. Notably, the largest liquidation o…
