In the past 24 hours, a huge position liquidation event of up to 323 million US dollars has occurred across the global network. This number is quite astonishing. Specifically, the amount of liquidation of long positions reached a huge amount of US$288 million, while the amount of liquidation of short positions followed closely at US$34.9086 million. Together, they constitute a significant feature of this market turmoil.

During this market fluctuation, the amount of liquidation of long orders dominated the market, showing the possible serious consequences of investors' over-optimism on the bull trend or poor risk management. At the same time, although the scale of the short position liquidation is relatively small, it also reflects the pressure of the market's short forces during a specific period of time, as well as the errors of some investors in judging market trends.

To sum up, in the past day, the total liquidation amount on the online trading platform reached a total of 323 million U.S. dollars, of which both long and short parties suffered significant losses, especially for long positions, whose liquidation amount far exceeded that of short positions, reaching reached a high of US$288 million, while the short position liquidation was relatively limited, reaching US$34.9086 million.