PANews reported on October 11th that Coinglass data showed that over the past 12 hours, the cryptocurrency market saw $19.037 billion in liquidated contracts. This included $16.633 billion in long positions and $2.405 billion in short positions. The total liquidation amount for BTC was $5.304 billion, and for ETH, $4.361 billion.

In the past 24 hours, a total of 1,621,284 people worldwide experienced margin calls, with a total liquidation amount of $19.141 billion. The largest single liquidation occurred on Hyperliquid's ETH-USDT platform, valued at $203 million.