In the past 24 hours, a total of $222 million in contract liquidations occurred across the entire network, primarily affecting short positions.

CoinFeed reported on January 5th that, according to CoinAnk data, the total liquidation amount for cryptocurrency futures contracts across the entire network reached $222 million in the past 24 hours. This included $73.2154 million in long positions and $149 million in short positions. The total liquidation amount for BTC was $79.4915 million, and for ETH, it was $45.471 million.