Data: $585 million in liquidations across the network in the past 24 hours, with $504 million in long positions and $80.94 million in short positions liquidated

According to ChainCatcher, citing data from Coinglass, liquidations across the entire network reached $585 million in the past 24 hours, with long positions accounting for $504 million and short positions for $80.94 million. Of these, Bitcoin long liquidations totaled $125 million, while Bitcoin short liquidations were $6.53 million. Ethereum long liquidations amounted to $191 million, and Ethereum short liquidations were $48.86 million.

In addition, over the past 24 hours, a total of 132,643 traders were liquidated globally, with the largest single liquidation occurring on a certain exchange's BTCUSDT pair, valued at $7.825 million.