In the past 24 hours, a total of $397 million in positions were liquidated across the entire network, mainly short positions.

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According to TechFlow TechFlow, on March 5th, data from CoinGlass showed that the total liquidation amount in the cryptocurrency market reached $397 million in the past 24 hours, of which $152 million was long positions and $245 million was short positions.

BTC liquidations totaled $158 million, and ETH liquidations totaled $122 million. A total of 104,461 people were liquidated in the past 24 hours, with the largest single liquidation occurring on the Hyperliquid BTC-USD trading pair, valued at $12.623 million.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.

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