In the past 24 hours, the total contract liquidation of the entire network was US$274 million, mainly due to the collapse of long orders.

CoinFeed reported on August 7th that Coinglass data showed that over the past 24 hours, the cryptocurrency market saw $274 million in liquidated contracts across the network, including $216 million in long positions and $58.4268 million in short positions. The total liquidation amount for BTC was $36.6255 million, and the total liquidation amount for ETH was $138 million.