In the past 24 hours, a total of $389 million in contract liquidations occurred across the entire network, primarily affecting short positions.

CoinFeed reported on December 2nd that, according to CoinAnk data, the total liquidation amount for cryptocurrency futures contracts across the entire network reached $389 million in the past 24 hours, including $151 million in long positions and $239 million in short positions. The total liquidation amount for BTC was $187 million, and for ETH it was $89.2975 million.