Over $50 million in liquidations occurred across the entire network in the past hour, with $20.69 million in BTC liquidations.

According to Coinglass data, $50.0533 million in positions were liquidated across the network in the past hour, including $49 million in long positions and $1.05 million in short positions. In addition, $20.69 million in BTC positions were liquidated and $8.46 million in ETH positions were liquidated.