In the past 24 hours, a total of $1.561 billion in contract liquidations occurred across the entire network, primarily involving long positions.

PANews reported on June 4th that, according to CoinAnk data, the total liquidation amount for cryptocurrency futures contracts across the entire network reached $1.561 billion in the past 24 hours, including $1.306 billion in long positions and $255 million in short positions. The total liquidation amount for BTC was $703 million, and for ETH it was $329 million.