According to Coinglass data, the total liquidation of the entire network reached $366 million in the past 12 hours, of which $341 million was caused by long positions and $24 million by short positions. Specifically, Ethereum's long positions were liquidated for approximately $121 million, while short positions were liquidated for $7.58 million. Bitcoin's long positions were liquidated for approximately $89.06 million, while short positions were liquidated for $980,000.