Data: Over the past week, more than 500 million dollars in short positions have been liquidated, with OKX short losses reaching 256 million dollars

ChainCatcher news, Coinalyze data shows that since last Friday, nearly $500 million in shorts have been liquidated, marking the highest level since October 2022. The liquidation figures indicate that over 70% of traders closed leveraged positions and incurred losses due to partial or total margin insufficiency.

Additionally, CoinGlass data shows that just last Friday, OKX's short losses reached $256 million, followed by Binance at $125 million and Huobi at $42 million. (CoinDesk)