In the past 24 hours, a total of $642 million in contract liquidations occurred across the entire network, primarily involving long positions.

CoinFeed reported on January 21 that, according to CoinAnk data, the total liquidation amount for cryptocurrency futures contracts across the entire network reached $642 million in the past 24 hours, including $537 million in long positions and $105 million in short positions. The total liquidation amount for BTC was $259 million, and for ETH it was $211 million.