According to BlockBeats, data from Coinglass reveals that a total of $231 million was liquidated across the network in the past 24 hours. This significant figure includes $147 million from long positions and $84.48 million from short positions.

This data indicates a substantial movement in the cryptocurrency market, with a significant amount of positions being liquidated. The figures represent the total value of positions that have been forcibly closed due to traders being unable to meet margin requirements.

The $147 million in long position liquidations suggests that many traders were betting on the price of cryptocurrencies to rise. Conversely, the $84.48 million in short position liquidations indicates that a significant number of traders were betting on prices to fall.

These figures provide a snapshot of the current state of the cryptocurrency market, reflecting the volatility and risk associated with trading in this sector. It serves as a reminder to traders about the potential risks and rewards of trading in the volatile cryptocurrency market.