The crypto market suffered a short-term flash crash on Aug. 22, with $523 million in positions liquidated worldwide over one hour, according to Coinglass data cited by BlockBeats. Long positions accounted for $448 million of the total, while short-position liquidations reached $74.7592 million. Over the past 24 hours, 286,130 people were liquidated for a combined $1.801 billion. The largest single liquidation was a $24.96 million BTC-USD position on Hyperliquid.