Liquidations totaled $701 million in the last 24 hours, with the majority coming from a long squeeze.

BlockBeats News, May 28th, the crypto market remained weak. According to Coinglass data, the total amount liquidated across all exchanges in the past 24 hours was $701 million. Of this amount, long positions liquidated accounted for $648 million, while short positions liquidated were $53.59 million.