In the past hour, total liquidations across the network exceeded $60 million, with long positions being primarily liquidated.

According to Coinglass data, total liquidations across the network in the past hour reached $62.84 million, of which long position liquidations were $59.6 million and short position liquidations were $3.24 million. Additionally, ETH liquidations amounted to $29.6 million, while BTC liquidations reached $23.64 million.