citing data from Coinglass, liquidations across the entire network reached $178 million in the past 24 hours, with long positions accounting for $71.46 million and short positions for $106 million. Of this, Bitcoin long liquidations totaled $5.5624 million, while Bitcoin short liquidations reached $16.8283 million. Ethereum long liquidations amounted to $20.355 million, and Ethereum short liquidations were $37.7691 million.

In addition, over the past 24 hours, a total of 86,616 traders were liquidated globally, with the largest single liquidation occurring on a certain exchange's BTCUSDT pair, valued at $4.0424 million.