According to the latest 1-hour liquidation statistics, approximately $650 million worth of contract positions have been liquidated across the entire blockchain. The majority of these liquidations are long positions, totaling around $630 million, while short position liquidations amount to only about $22.99 million. This indicates that bullish market participants have been heavily affected.

The largest single liquidation case of note is the ETH position liquidation on the Hyperliquid platform, which reached approximately $13.39 million. These recent liquidation trends reflect the current market volatility and sharp price fluctuations, highlighting the importance of discretionary management in the derivatives market.