In the past 24 hours, the total liquidation amount across the network has exceeded 1.159 billion USD—of which long positions were liquidated for 1.172 billion, while short positions were only hit for 86.39 million. It seems that long positions have been suffering greatly lately.

On the BTC side, long positions were liquidated for 294 million, and ETH long positions were also cut by 269 million. The largest single liquidation occurred in the BTC-USDT trading pair, with a massive liquidation of 339.6 million, affecting over 300,000 people globally within 24 hours.

Interestingly, the short positions liquidation amount is much smaller than the long positions, indicating that there are indeed many people still bullish in the market. Recently, the market has been experiencing severe fluctuations, so those using leverage need to be cautious.