The liquidation scale and liquidation ratio of cryptocurrency perpetual contracts in the past 24 hours are as follows: - BTC liquidation scale: $27.22 million (long $11.53 million, short $15.69 million) liquidation ratio: short 57.65% - ETH liquidation scale: $14.76 million (long $6.14 million, short $8.62 million) liquidation ratio: short 58.4% - XRP liquidation scale: $14.07 million (long $2.37 million, short $11.70 million) liquidation ratio: short 83.12% A liquidation occurs when a trader's position is closed involuntarily due to insufficient margin. The liquidation scale is the total value of all liquidated positions in a given period. The liquidation ratio is the percentage of liquidated positions that were short. These figures indicate that there has been a significant amount of liquidations in the cryptocurrency market in the past 24 hours. The majority of these liquidations have been short positions, which suggests that traders are becoming more bullish on the market.