Liquidations totaled $701 million in the last 24 hours, with the majority coming from a long squeeze.

BlockBeats News, May 28th, the crypto market remained weak. According to Coinglass data, the total amount liquidated across all exchanges in the past 24 hours was $701 million. Of this amount, long positions liquidated accounted for $648 million, while short positions liquidated were $53.59 million.

Source: BlockBeats

Disclaimer: The current content is sourced from third-party perspectives or directly translated by AI from third-party perspectives. CoinEx does not guarantee the authenticity, accuracy, and originality of the content, and it does not constitute any investment advice from CoinEx. The prices of cryptocurrencies are highly volatile, please be aware of the potential risks.