Data: $507 million in liquidations across the network in the past 24 hours, with $378 million in long positions and $129 million in short positions liquidated

According to ChainCatcher, citing data from Coinglass, liquidations across the entire network reached $507 million in the past 24 hours, with long positions accounting for $378 million and short positions for $129 million. Of this, Bitcoin long liquidations totaled $149 million, while Bitcoin short liquidations amounted to $31.0149 million. Ethereum long liquidations reached $79.3683 million, and Ethereum short liquidations were $40.2437 million.

In addition, over the past 24 hours, a total of 128,750 traders were liquidated globally, with the largest single liquidation occurring on a certain exchange's BTCUSDT pair, valued at $8.365 million.