In the past 12 hours, approximately $583 million in positions were liquidated across the entire network, with the largest single liquidation amounting to approximately $15 million.

According to Coinglass data, the total liquidation amount across the cryptocurrency market's futures contracts in the past 12 hours was approximately $583 million. Of this, long positions accounted for approximately $553 million, a significant portion, while short positions accounted for approximately $30.12 million. Overall, this round of liquidations primarily focused on long positions. The largest single liquidation occurred on Binance-ETHUSDT, valued at $15.2275 million.