Over $50 million in liquidations occurred across the entire network in the past hour, with $19.92 million of those liquidations occurring in Bitcoin.

According to data from Coinglass, as reported by Odaily Planet Daily, a total of $50.441 million in positions were liquidated across the network in the past hour. Among them, $49.3556 million were long positions and $1.0854 million were short positions. In addition, $19.92 million of BTC positions were liquidated and $9.43 million of ETH positions were liquidated.