Over $60 million in margin calls occurred across the entire network in the past hour, primarily affecting short positions.

According to data from Coinglass, as reported by Odaily Planet Daily, approximately $61.77 million in positions were liquidated across the entire network in the past hour. This included $57.15 million in short positions and $4.62 million in long positions. In addition, $27 million in ETH positions were liquidated and $26.26 million in BTC positions were liquidated.