Wu said that according to Binance market data, BTC fell below $58,000, down 5.56% in 24 hours, and is now quoted at $58,094. According to Coinglass market data, the entire network had a 24-hour liquidation of $277 million, of which long orders were liquidated at $252 million and short orders were liquidated at $24.78 million. The largest single liquidation occurred on OKX - ETH-USD-SWAP, worth $4 million.