CoinGlass: Over $235 million liquidated in the past 24 hours, mainly short positions

CoinFeed July 10 news, according to CoinGlass, in the past 24 hours, a total of about 58,248 people were liquidated in the global crypto contract market, with a total liquidation amount of about $235 million, of which about $167 million were short positions, and about $68.22 million were long positions, with about 70% being short positions. Exchanges such as Binance, Bybit, Bitget, and OKX had the largest liquidation amounts, with Binance liquidating about $96.05 million, accounting for over 40%. The largest single liquidation occurred on the Bitget BTCUSDT contract, amounting to about $10.89 million.