According to BlockBeats, on October 16, according to Coinglass data, the entire network had a liquidation of US$297 million in the past 24 hours, with both long and short positions liquidated, of which long positions liquidated US$175 million and short positions liquidated US$121 million.

In the past 24 hours, a total of 91,257 people had their positions liquidated, and the largest single liquidation order occurred on OKX - ETH-USDT-SWAP, worth US$6.5474 million.