In the past 24 hours, $1.118 billion in contracts were liquidated across the network, primarily short positions

May 9 news, according to Coinglass data, in the past 24 hours, the cryptocurrency market saw a total liquidation of $1.118 billion in contracts across the network, with long positions liquidated at $351 million and short positions at $767 million. The total liquidation amount for BTC was $307 million, and for ETH, it was $439 million.