In the past hour, a wave of liquidations has swept through the crypto market. According to on-chain data platform CoinAnk, the total contract market across the entire network experienced over $600 million in massive liquidations. Among them, long positions were liquidated for $592 million, while short positions were only liquidated for $17.0135 million. Long liquidations accounted for 97% of the total, making them the main victims of this wave of market movement.
Looking at specific cryptocurrencies, Bitcoin's liquidation amount reached $152 million, and Ethereum's liquidation amount was $78.8
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