In the past 24 hours, the total amount of liquidation across the entire network has surged to $610 million, resulting in a double explosion of both long and short positions.

According to BlockBeats news on February 29th, Coinglass data shows that the total amount of liquidation in the past 24 hours has risen to 610 million US dollars, with long positions liquidated at 268 million US dollars and short positions liquidated at 342 million US dollars. In just the past hour, the liquidation amount has reached 303 million US dollars.