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Bitcoin, Ethereum, Dogecoin Drop As Longs Worth $155M Face Liquidations: Analyst Says ‘Long Way To Go’ Before King Crypto Reaches Cyclical Top

Major cryptocurrencies experienced a decline on Wednesday evening, with crypto longs facing liquidations totaling $155 million in the past 24 hours. What Happened: In the last 24 hours, data from CoinGlass shows that a total of 82,059 traders faced liquidation, resulting in a combined liquidation of $205.24 million. The most significant liquidation event occurred on Bitmex, involving an ADA-USD value of $1.58 million. In a single day, Bitcoin longs worth $27 million faced liquidation, while Ethereum longs worth $32 million were also liquidated. Top Gainer (24 Hour) The global cryptocurrency ma…