According to CoinDesk, citing CoinGlass data, the total value of liquidated crypto futures positions exceeded $1.3 billion over the past 24 hours, with Bitcoin-related positions accounting for about $677 million. Liquidations in the past hour alone approached $500 million. At the time of reporting, Bitcoin had fallen below $70,000, touching its lowest level since August 19, while Ethereum dropped below $2,000. The figures above were snapshot statistics at the time of reporting; the 1-hour data is already included in the longer timeframe window and should not be added to the 24-hour total.