Data: In the past 24 hours, total liquidations across the network reached $388 millions, mainly affecting short positions.

According to ChainCatcher, citing data from Coinglass, liquidations across the entire network reached $388 million in the past 24 hours, with long positions accounting for $142 million and short positions for $246 million. In the past 24 hours, a total of 114,614 traders were liquidated globally, with the largest single liquidation occurring on Hyperliquid - BTC-USD, valued at $8.6162 million.