$259 million liquidated across the entire market in the past 24 hours, long and short positions both blown out

TechFlow news, May 16 — According to Coinglass data, the total liquidation amount in the cryptocurrency market reached $259 million within the past 24 hours, including $158 million in long positions and $101 million in short positions. A total of 96,739 people worldwide were liquidated, with the largest single liquidation occurring on OKX - ETH-USDT-SWAP, valued at $4.1976 million.