Over the past hour, over $1.1 billion was liquidated across the entire network, with BTC liquidations reaching $630 million

Odaily News, according to Coinglass data, as the BTC price surged, the total amount of liquidations across the entire network in the past hour reached $1.137 billion, with short-position liquidations at $1.067 billion and long-position liquidations at $69.96 million. Additionally, BTC liquidations reached $630 million, while ETH liquidations reached $407 million.