Past 24 hours saw liquidations across the entire network 325000000 USD, mainly long positions liquidated

AT A GLANCE

Past 24 hours saw liquidations across the entire network totaling 325000000 USD, of which long-position liquidations totaled 249000000 USD。

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BlockBeats reported that,October 24, citing Coinglass data, liquidations across the entire network totaled 24 liquidations over the past hours 325000000 USD, of which long-position liquidations totaled 249000000 USD, while short-position liquidations totaled 76380000 USD.

Original link https://m.theblockbeats.info/flash/373455

Key points

BlockBeats, on October 24 citing data from Coinglass, reported that liquidations across the entire network totaled 24 over the past hours 325000000 USD。
of which long-position liquidations totaled 249000000 USD, while short-position liquidations totaled 76380000 USD。
The amount of long-position liquidations exceeded that of short-position liquidations.

AI-assisted interpretation

The following is analysis, separate from reported facts. Verify important claims independently.

“Liquidation” generally refers to a derivatives position being forcibly closed due to adverse price movements. The report indicates that, during the statistical period, the amount of long-position liquidations was significantly higher than that of short-position liquidations.

Why it matters to readers

The amounts of long- and short-position liquidations can help readers observe which direction in the derivatives market bore more forced liquidations.

Beginners should distinguish between derivatives liquidations and spot losses; these data describe the total amount of liquidations across the entire network and the long-short distribution, and do not indicate the market’s future direction.

Risks and unknowns

The evidence does not include Coinglass’s original data page or a data snapshot, so the statistical results cannot be independently verified.
The original text only states “October 24” and does not specify the year.
The evidence does not specify the platform scope, statistical methodology, or specific assets covered by “the entire network.”

Past 24 hours saw liquidations across the entire network 325000000 USD, mainly long positions liquidated

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