Over $50 million in liquidations occurred across the entire network in the past hour, with BTC liquidations reaching $22.75 million.

Odaily reports, according to Coinglass data, in the past hour (UTC+8), total liquidations across the network reached 50.24 million US dollars, with short positions liquidated for 34.16 million US dollars and long positions for 16.02 million US dollars. In addition, BTC liquidations amounted to 22.75 million US dollars and ETH liquidations totaled 7.93 million US dollars.