In the past 24 hours, contracts across the entire network have liquidated $485 million, mainly short positions

Coinglass data shows that in the past 24 hours, the total liquidation of contracts across the entire cryptocurrency market was $485 million, with long positions accounting for $141 million and short positions accounting for $344 million. The total amount of BTC liquidated was $120 million, while ETH liquidations amounted to approximately $79.78 million.