In the past 24 hours, a total of $693 million in contract liquidations occurred across the entire network, primarily affecting short positions.

CoinFeed reported on January 14th that, according to CoinAnk data, the total liquidation amount for cryptocurrency futures contracts across the entire network reached $693 million in the past 24 hours, including $84.2344 million in long positions and $609 million in short positions. The total liquidation amount for BTC was $345 million, and for ETH it was $184 million.