Data: $262 million in liquidations across the network in the past 24 hours, with $199 million in long positions and $63.46 million in short positions liquidated

According to ChainCatcher, citing data from Coinglass, liquidations across the entire network reached $262 million in the past 24 hours, with long positions accounting for $199 million and short positions for $63.46 million. Specifically, Bitcoin long positions saw $19.78 million in liquidations, while Bitcoin short positions accounted for $7.35 million. For Ethereum, long positions were liquidated for $36.79 million, and short positions for $21.99 million.

In addition, over the past 24 hours, a total of 120,313 traders were liquidated globally, with the largest single liquidation occurring on a certain exchange in the BTCUSDT pair, valued at $2.9771 million.