In the past 24 hours, the total liquidation in the entire network contracts reached $785 million, mainly due to short positions.

According to news from HashChain and data from Coinglass, the total liquidation in the cryptocurrency market in the past 24 hours amounted to $785 million. Among them, the liquidation amount for short positions reached $650 million, while the liquidation amount for long positions was $135 million. During this period, the total liquidation amount for BTC was $268 million, and for ETH, it was $258 million.