Data: In the past 24 hours, the entire network has liquidated 498 million USD, mainly from long positions

According to CoinGlass data, the total liquidation amount in the cryptocurrency market in the past 24 hours reached $498 million, with long positions liquidated at $441 million and short positions liquidated at $56.35 million.

The liquidation amount for BTC reached $209 million, while ETH saw liquidations of $136 million. In the past 24 hours, a total of 126,417 people were liquidated, with the largest single liquidation occurring on the Hyperliquid XYZ:SP500-USD trading pair, valued at $6.3388 million.