Major exchanges recorded $671 million in futures liquidations over the past hour and $2,669 million over 24 hours, indicating substantial forced position closures and heightened derivatives-market volatility. Unitree Technology shares fell more than 17% during trading to 705 yuan, with daily turnover reaching 6.753 billion yuan. The company’s Trade.xyz contract recorded more than $100 million in 24-hour trading volume, while open interest declined to $30.07 million. The largest liquidation during that period was a $446,000 long position. An earlier Aug. 19 monitoring report, which referred to the company as Yushu Technology, recorded $6.31 million in four-hour market-wide liquidations, with short positions accounting for most of the total and the largest single short liquidation exceeding $570,000. That earlier report cited $42.24 million in 24-hour contract volume, $32.02 million in open interest, 486 users long and 728 short.