Wu said that according to Binance market data, BTC fell below $56,000 and is currently quoted at $55,551, a 24-hour drop of 5.87%. ETH fell below $3,000 and is currently quoted at $2,911, a 24-hour drop of 9.96%. Coinglass data shows that in the past 24 hours, the entire network had a liquidation of $576 million, long orders had a liquidation of $499 million, and short orders had a liquidation of $76.65 million. A total of 215,000 people were liquidated, and the largest single liquidation occurred on Binance - ETHUSDT was worth $18.4832 million.
