In the past 24 hours, a total of $488 million in contracts were liquidated across the entire network, with a major focus on short positions.

According to news from HashChain and data from Coinglass, in the last 24 hours, the total liquidation amount in the cryptocurrency market across the entire network was $488 million. Among them, the liquidation amount for long positions was $170 million, while the liquidation for short positions reached $318 million. The total liquidation amount for BTC was $120 million, and for ETH, it was $191 million.