In the past hour, total liquidations across the network exceeded $75 million, mainly liquidating long positions.

According to Coinglass data, total liquidations across the network in the past hour reached $75.91 million, with long position liquidations at $68.97 million and short position liquidations at $6.93 million. Additionally, BTC liquidations amounted to $26.94 million, while ETH liquidations reached $19.94 million.