In the past 24 hours, the total number of liquidations across the network surged to $7.44 billion, resulting in a double whammy for both longs and shorts.

BlockBeats News, October 22, according to Coinglass data, the total value of liquidations in the past 24 hours has surged to $744 million, with long liquidations amounting to $435 million and short liquidations amounting to $308 million.