In the past 24 hours, $257 million in contracts were liquidated across the network, primarily long positions

PANews reported on May 16 that according to Coinglass data, the cryptocurrency market saw a total of $257 million in liquidations across the network in the past 24 hours, with long positions accounting for $158 million and short positions for $99.47 million. BTC liquidations totaled $39.33 million, while ETH liquidations amounted to $80.29 million.