Crypto Liquidations Surge Amid Increased Market Volatility

Bitcoin pulled back after failing to surpass the $100,000 milestone on Nov. 24, triggering one of the largest weekend crypto liquidation events in over six months. Over the last 24 hours, more than $470 million worth of crypto positions were liquidated. Long and short liquidations amounted to $352.6 million and $119.9 million, respectively, with altcoins contributing the majority of wiped positions, according to CoinGlass data. A total of $472.5 million in long and short positions were liquidated as Bitcoin fell short of the $100,000 mark. Bitcoin (BTC) and Ether (ETH) accounted for $108.9 million worth of liquidations combined. Dogecoin (DOGE),