In the past 24 hours, over 430,000 people across the network have been liquidated, with the amount reaching $1.42 billion
According to Coinglass data, in the past 24 hours, a total of $1.42 billion has been liquidated across the network, including $1.203 billion from long positions and $218 million from short positions. In addition, in the last 24 hours, a total of 434,050 people worldwide have been liquidated.
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EIA expects Brent crude spot prices to remain at $100 per barrel for the rest of the year and raises the average price forecasts for this year and next.
The U.S. Energy Information Administration (EIA) has raised its forecast for average Brent crude oil prices in 2026 and 2027 to $97 and $86, respectively, reflecting pressures from global inventory declines, Middle East supply disruptions, and rising transportation costs. As oil production in the Middle East gradually recovers and global inventories rebound from low levels, the EIA expects the average spot price of Brent crude to fall to $87 per barrel in the second quarter of 2027, and further decline to $77 per barrel by the fourth quarter.
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