In the past 24 hours, the total network contract liquidation was US$368 million, mainly due to the short position

PA一线
PA一线
PANews reported on August 3rd that Coinglass data showed that over the past 24 hours, the cryptocurrency market saw $368 million in liquidated contracts across the network, including $80.6743 million in long positions and $288 million in short positions. The total liquidation amount for BTC was $63.1099 million, and the total liquidation amount for ETH was $126 million.
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Machi closed out most of his long positions in ETH and BTC, incurring a cumulative loss of nearly $32 million.
PANews Newsflash