Data: $198 million in liquidations across the network in the past 24 hours, with $71.54 million in long positions and $127 million in short positions liquidated

According to ChainCatcher, citing data from Coinglass, the total amount of liquidations across the network in the past 24 hours reached $198 million, with long positions accounting for $71.54 million and short positions for $127 million. Specifically, Bitcoin long positions saw $9.0215 million in liquidations, while Bitcoin short positions were liquidated for $33.6941 million. For Ethereum, long positions were liquidated for $19.4156 million, and short positions for $36.0603 million.

In addition, over the past 24 hours, a total of 84,260 traders were liquidated globally, with the largest single liquidation order valued at $2.0428 million.