Data: In the past 24 hours, total liquidations across the network reached $608 million, with long positions being the majority.

According to ChainCatcher, the total liquidation amount in the cryptocurrency market over the past 24 hours reached $608 million, of which long positions accounted for $421 million and short positions accounted for $187 million.

Bitcoin liquidations amounted to $149 million, Ethereum liquidations reached $175 million, and Solana liquidations totaled $27.3367 million. In the past 24 hours, a total of 176,208 traders were liquidated, with the largest single liquidation occurring on a Bitcoin-Tether trading pair at a certain exchange, valued at $8.534 million.