On August 1, total network long positions were liquidated for 922 million dollars, marking the largest liquidation day for long positions since February 25.

BlockBeats news, on August 3, according to Coinglass data, on August 1, the total network long positions were liquidated for 922 million dollars, marking the largest liquidation day for long positions since February 25 this year.

It is worth noting that after February 25, the market experienced more than two months of decline and consolidation.