BTC liquidations exceeded $37 million in the past hour, accounting for about 60% of total network liquidations

According to Coinglass data, the total network liquidations over the past hour amounted to $61.6079 million, with short positions being the primary cause. Short position liquidations reached $59.172 million, while long position liquidations totaled $2.4774 million. Additionally, BTC liquidations amounted to $37.6428 million, accounting for over 60% of the total network liquidations.