$199 million liquidated across the entire network in the past hour, primarily short positions liquidated

TechFlow, according to Coinglass data, the total liquidation amount in the cryptocurrency market within the past 1 hour reached $199 million, including $56.23 million in long positions and $143 million in short positions.

BTC liquidation amounted to $100 million, XRP liquidation reached $11.05 million, and ETH liquidation reached $38.56 million.