$550 million liquidated across the entire market in the past 24 hours, primarily long positions liquidated

TechFlow news, according to Coinglass data, the total liquidation amount in the cryptocurrency market over the past 24 hours reached $550 million, including $400 million in long position liquidations and $150 million in short position liquidations.

Bitcoin liquidations amounted to $146 million, while Ethereum saw $140 million in liquidations. A total of 161,027 individuals were liquidated over the past 24 hours, with the largest single liquidation occurring on OKX's BTC-USDT-SWAP pair, valued at $9.5285 million.