Over $40 million in liquidations occurred across the entire network in the past hour, with approximately $17.61 million in BTC liquidations.

According to data from Coinglass, as reported by Odaily Planet Daily, a total of $40.34 million in positions were liquidated across the network in the past hour. Of this, $38.68 million were long positions and $1.66 million were short positions. In addition, approximately $17.61 million of BTC positions were liquidated and approximately $17.52 million of ETH positions were liquidated.