Over the past 12 hours, $250 million was liquidated across the network, with short positions taking the biggest hit

According to Coinglass data, $250 million was liquidated across the network over the past 12 hours, with $71.4711 million in long positions liquidated and $178 million in short positions liquidated. Among these, ETH liquidations totaled $111 million, and BTC liquidations totaled $59.5877 million.