Bitcoin long liquidations have spiked to over $27 million in the past day after a price correction saw the largest digital asset by market hover around $63,600.

In the past 24 hours, $33.85 million in bitcoin positions were liquidated, and over $132 million in the wider cryptocurrency market was liquidated in the same period. Of these combined crypto liquidations, the vast majority — around $105 million — were long positions, according to Coinglass data.

Bitcoin changed hands at around $63,649 at the time of writing, having fallen over 2.4% in the past 24 hours, according to The Block’s price page. The price of ether has dipped over 2% to $3,434 in the same period. The global cryptocurrency market cap today is $2.45 trillion, dropping 3.2% in the last 24 hours, according …