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Market volatility continues. According to data, the total liquidations across the entire network in the past 24 hours reached $399 million, with short positions accounting for the majority at $332 million, and long positions totaling $67.095 million.
Specifically for mainstream cryptocurrencies: Bitcoin long positions were liquidated for $18.4876 million, while short positions were even more heavily liquidated at $94.7666 million. Ethereum's situation is similar, with long positions liquidated for $12.7708 million and short positions for $114 million, clearly indicating that bears suffered significant losses in this wave of market movement.
The most alarming figure is that in just the past 24 hours, 113,266 people were liquidated. The largest single liquidation occurred on a derivatives exchange's ETH-USD contract, with an amount of $18.7528 million—this wave of liquidations knocked out many high-leverage short traders.