Over $45 million in margin calls were triggered across the entire network in the past hour, primarily affecting short positions.

According to Coinglass data, approximately $45.3 million in positions were liquidated across the network in the past hour, including approximately $38.79 million in short positions and approximately $6.51 million in long positions. In addition, $24.53 million in BTC positions were liquidated and $9.84 million in ETH positions were liquidated.