In the past 24 hours, $223 million in contracts were liquidated across the network, primarily short positions

May 1st news, according to Coinglass data, the cryptocurrency market saw a total liquidation of $223 million in contracts across the network in the past 24 hours, with long positions liquidated at $38.12 million and short positions at $185 million. The total liquidation amount for BTC was $97.84 million, and for ETH, it was $44.82 million.