Data: In the past 24 hours, the entire network has liquidated 257 million USD, primarily from long positions

According to CoinGlass data, the total liquidation amount in the cryptocurrency market in the past 24 hours reached $257 million, with long positions liquidating $163 million and short positions liquidating $93.81 million.

The liquidation amount for BTC reached $55.58 million, while ETH liquidated $43.58 million. In the past 24 hours, a total of 129,536 people were liquidated, with the largest single liquidation occurring on the Hyperliquid XYZ:CL-USD trading pair, valued at $6.89 million.