In the past 24 hours, a total of $1.861 billion in contract liquidations occurred across the entire network, primarily involving long positions.

CoinFeed reported on January 16th that, according to CoinAnk data, the total liquidation amount for cryptocurrency futures contracts across the entire network reached $1.861 billion in the past 24 hours, including $1.752 billion in long positions and $110 million in short positions. The total liquidation amount for BTC was $1.654 billion, and the total liquidation amount for ETH was $53.1967 million.