In the past 24 hours, a total of $368 million in contract liquidations occurred across the entire network, primarily involving long positions.

CoinFeed reported on May 16th that, according to CoinAnk data, the total liquidation amount for cryptocurrency futures contracts across the entire network reached $368 million in the past 24 hours, including $345 million in long positions and $23.2539 million in short positions. The total liquidation amount for BTC was $123 million, and for ETH it was $94.7371 million.