Mars Finance reports that on August 23, according to Coinglass data, the total liquidation across the network in the past 12 hours was 526 million USD, with long positions liquidating 96.9 million USD and short positions liquidating 429 million USD. Ethereum's liquidation was 315 million USD, which is more than 4 times that of Bitcoin's liquidation (74.01 million USD) during the same period.