In the past 24 hours, the cryptocurrency market has seen a total contract liquidation of more than $100 million, mainly due to long orders

Coinglass data shows that in the past 24 hours, the cryptocurrency market has had a total of $101 million in contract liquidations, with 49,042 people being liquidated. Of these, long positions were liquidated for $92.403 million and short positions were liquidated for $8.2746 million. The total amount of BTC liquidations was approximately $23.1627 million, and the total amount of ETH liquidations was $18.0997 million. The largest single liquidation occurred in OKX - ETH-USDT-SWAP worth $1.7092 million.Market data shows that BTC has now fallen to around $62,800, a 24-hour decline of nearly 2.5%.

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