In the past 24 hours, the total network contract liquidation was US$403 million, mainly due to the long position

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PANews reported on October 20th that Coinglass data showed that over the past 24 hours, the cryptocurrency market saw $403 million in liquidated contracts across the network, including $246 million in long positions and $157 million in short positions. The total liquidation amount for BTC and ETH was $130 million, respectively.
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Machi closed out most of his long positions in ETH and BTC, incurring a cumulative loss of nearly $32 million.
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