Data: $426 million in liquidations across the network in the past 24 hours, with $340 million in long positions and $85.8 million in short positions liquidated

According to ChainCatcher, citing data from Coinglass, liquidations across the entire network reached $426 million in the past 24 hours, with long positions accounting for $340 million and short positions for $85.7971 million. Of this, Bitcoin long positions saw $32.6944 million in liquidations, while Bitcoin short positions accounted for $13.5613 million. Ethereum long positions were liquidated for $75.2098 million, and Ethereum short positions for $26.9793 million.

In addition, over the past 24 hours, a total of 161,055 traders were liquidated globally, with the largest single liquidation occurring on a certain exchange's BTCUSDT pair, valued at $1.6866 million.