Over $39 million in liquidations occurred across the entire network in the past hour, with approximately $13.34 million of those liquidations occurring in the Ethereum network.

According to Coinglass data, $39.8618 million in positions were liquidated across the network in the past hour, including $26.2213 million in long positions and $13.6406 million in short positions. In addition, approximately $13.34 million in ETH positions were liquidated and approximately $13.16 million in BTC positions were liquidated.