In the past 24 hours, total contract liquidations across the network reached $108 million, with long positions bearing the brunt

According to a report by Jinse Finance, Coinglass data shows that in the past 24 hours, the total amount of liquidated contracts across the entire cryptocurrency market reached $108 million, with long positions accounting for $33.32 million and short positions for $74.73 million. The total amount of BTC liquidations was $14.49 million, while ETH liquidations totaled $22.94 million.