Over the past hour, more than $55 million in liquidations occurred across the entire network, with $23.09 million of that liquidation occurring in the Ethereum (ETH) market.

According to Coinglass data, $55.834 million in positions were liquidated across the network in the past hour, including $52.6546 million in long positions and $3.1794 million in short positions. In addition, $23.09 million in ETH positions were liquidated and $18.39 million in BTC positions were liquidated.