Over the past 24 hours of liquidation data, the entire network has liquidated approximately 380 million to 500 million, with short positions accounting for the absolute majority——
$BTC shorts alone were liquidated at 118 million, and
$ETH was liquidated at roughly 169 million.
On the BTC side, the brightest spot on the heatmap is concentrated in the 75,000 to 76,000 range. When BTC touched 76,000, it immediately wiped out all the short orders in that area, because many people had their stop losses set in this zone, and ended up getting swept away by one move. Looking at the heatmap now, the "