Data: In the past 24 hours, the entire network has liquidated 523 million USD, mainly from short positions

According to CoinGlass data, the total liquidation amount in the cryptocurrency market in the past 24 hours reached $523 million, with long positions liquidated at $164 million and short positions liquidated at $359 million.

The liquidation amount for BTC reached $250 million, and for ETH, it was $135 million. In the past 24 hours, a total of 120,498 people were liquidated, with the largest single liquidation occurring on Binance's ETHUSDT trading pair, valued at $11.7716 million.