Crypto Flash Crash: $523 million in total positions liquidated across the market in the past hour, with long positions taking the biggest hit

BlockBeats News, August 22, according to Coinglass data, the crypto market experienced a short-term flash crash. In the past 1 hour, a total of $523 million was liquidated across the entire network, with $448 million in long liquidations and $74.7592 million in short liquidations.

Over the last 24 hours, a total of 286,130 individuals have been liquidated globally, with a total liquidation value of $1.801 billion. The largest single liquidation occurred on Hyperliquid - BTC-USD, amounting to $24.96 million.