In the last 24 hours, the entire network has seen liquidations totaling $491 million, resulting in a long and short squeeze.

BlockBeats News, May 12th, according to Coinglass data, the total liquidation across the entire network in the past 24 hours was $491 million, with $266 million in long liquidations and $225 million in short liquidations.

$120 million in BTC liquidated, $117 million in ETH liquidated.