Major cryptocurrencies dropped in value on Tuesday evening as the Bitcoin market experienced no significant surprise during the Christmas holiday,as the so-called “Santa rally” failed to materialize, leaving Bitcoin bulls disappointed. What Happened: According to data from CoinGlass, in the past 24 hours, more than $200 million worth of long positions were liquidated, with Bitcoin and ETH being significant contributors. In total, 106,755 traders were liquidated, leading to $257 million in liquidations. The biggest order liquidated was on Huobi, where the value of Solana (CRYPTO: SOL)-USDT amou…
