ChainCatcher message, Coinglass data shows that in the past 24 hours, the total liquidation in the cryptocurrency market reached 175 million USD, with long positions liquidated at 41.7382 million USD and short positions liquidated at 133 million USD. The total liquidation amount for BTC was 48.5426 million USD, and for ETH, it was 45.2985 million USD.

ChainCatcher message, according to Coinglass data, based on the current mainstream CEX contract positions, if Bitcoin falls to around $50,000, it is expected that there will be $658 million in long liquidations on CEX.On the other hand, in a one-sided downward trend, as long positions decrease and short positions increase, if Bitcoin rebounds to around $58,000, it is expected that there will be $1.522 billion in short liquidations.