Cryptocurrency markets have seen renewed volatility. According to CoinGlass data, a total of $76.77 million worth of long (bullish) positions were liquidated in the last four hours. This liquidation wave hit traders, particularly those using leverage, hard, leading to short-term panic selling in the market. The majority of liquidations were concentrated in major assets such as Bitcoin (BTC) and Ethereum (ETH). CoinGlass's real-time liquidation tracking data shows that long positions dominated the four-hour period; short (bearish) liquidations were much more limited. Long positions accounted for approximately 93% of total liquidations. Market analysts suggest that this sudden liquidation wave was triggered by Bitcoin's consolidation in the narrow range around $68,000 and its attempts at a sudden downward breakout. BTC has been fluctuating between $67,000 and $68,500 in recent hours, while Ethereum has also been under similar pressure. This movement has led to traders using high leverage being caught in margin calls. In the last 24 hours, the total amount of liquidations exceeded $225 million, while long position liquidations hovered around $168 million. Approximately 93,000 traders had their positions compulsorily closed.