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In the past 24 hours, the entire network experienced a liquidation of $498 million, mainly involving long positions being forcibly liquidated.
According to TechFlow news on March 27, based on CoinGlass data, the total liquidation amount in the cryptocurrency market reached $498 million in the past 24 hours, with long liquidations totaling $441 million and short liquidations totaling $56.35 million.
The liquidation amount for BTC reached $209 million, while ETH liquidations totaled $136 million. A total of 126,417 people were liquidated in the past 24 hours, with the largest single liquidation occurring on the Hyperliquid XYZ:SP500-USD trading pair, valued at $6.3388 million.