In the past 24 hours, the total network contract liquidation was US$500 million, mainly due to the short position

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PANews reported on October 16th that Coinglass data showed that over the past 24 hours, the cryptocurrency market saw $500 million in liquidated contracts across the network, including $151 million in long positions and $349 million in short positions. The total liquidation amount for BTC was $108 million, and for ETH, $112 million.
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