Data: In the past 24 hours, the entire network has liquidated $393 million, mainly long positions

According to Coinglass data, the total liquidation amount in the cryptocurrency market in the past 24 hours reached $393 million, of which long positions accounted for $286 million and short positions for $107 million.

The liquidation amount for BTC reached $158 million, while ETH saw a liquidation of $126 million. A total of 123,597 people were liquidated in the past 24 hours, with the largest single liquidation occurring on the Bitget ETH-USDT_UMCBL trading pair, valued at $8.2089 million.