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According to Coinglass data, the total liquidation amount in the cryptocurrency market over the past 24 hours reached $102 million, with long positions accounting for $69.84 million and short positions for $32.38 million. BTC liquidations amounted to $15.19 million, ETH liquidations to $29.99 million, and SOL liquidations to $4.52 million.

Odaily Planet Daily News: David Duong, Head of Research at a certain exchange, stated in an article that recent claims about the "largest ETH short position in history" are greatly exaggerated.He pointed out that in June, net inflows into Ethereum spot ETFs reached $1.16 billion, while leveraged fund short positions on CME Ethereum futures increased from $466 million in early May to $1.6 billion as of June 24, a rise that closely matches the ETF capital inflows.Duong explained that this phenomenon is mainly driven by basis trading. Since the basis yield offered by CME Ethereum futures compared to spot rose from an average of 6% in February to 8%-9% in May and June, more institutions have been attracted to participate in arbitrage by buying spot and selling futures. This does not indicate a pessimistic outlook on ETH.