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$526 million liquidated across the network in 12 hours, with Ethereum's liquidation volume reaching 4 times that of Bitcoin.
On August 23, according to data from the data platform, the entire network experienced a liquidation of 526 million USD in the past 12 hours, with long orders getting liquidated for 96.9 million USD and short orders for 429 million USD. Ethereum saw a liquidation of 315 million USD, which is more than four times the liquidation of Bitcoin (74.01 million USD) during the same period.