In the past 4 hours, the total amount of liquidation in the entire network reached 550 million US dollars, mainly due to the explosion of long orders

According to CoinGlass data, over the past four hours, the total liquidation amount across the entire network reached $550 million, including $500 million in long positions and $42.13 million in short positions. Of this total, ETH liquidations totaled $140 million ($130 million in long positions and $11.997 million in short positions), while BTC liquidations totaled $260 million ($250 million in long positions and $12.236 million in short positions).