In the past 24 hours, $605 million worth of positions were liquidated across the entire network, with both long and short positions being liquidated.

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According to TechFlow, on February 7th, data from CoinGlass showed that the total liquidation amount in the cryptocurrency market reached $605 million in the past 24 hours, of which $228 million were long positions and $377 million were short positions.

BTC liquidations totaled $367 million, and ETH liquidations totaled $128 million. A total of 127,587 people were liquidated in the past 24 hours, with the largest single liquidation occurring on the Hyperliquid BTC-USD trading pair, valued at $21.3054 million.

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