Nearly $50 million in liquidations occurred across the entire network in the past hour, with $27.33 million in BTC liquidations.

According to Coinglass data, $49.82 million in positions were liquidated across the network in the past hour, including $43.65 million in long positions and $6.16 million in short positions. In addition, $27.33 million in BTC positions were liquidated and $14.26 million in ETH positions were liquidated.