In the past 24 hours, the total network contract liquidation was 302 million USD, mainly due to the short position

Recent data indicates that over the past day, the total contract liquidation in the cryptocurrency market reached 302 million USD, predominantly due to short positions. Notably, Bitcoin (BTC) saw liquidations of 56 million USD, while Ethereum (ETH) accounted for 78.17 million USD.

Out of the total liquidations, 80.53 million USD stemmed from long positions, contrasted with a significant 222 million USD linked to short positions. This trend reflects the current volatility and sentiment in the market.