Over the past 24 hours, the whole network has sold out 170 million dollars

According to the report, according to the data of Coinglas, the total net exposure in the past 24 hours was US $170 million, of which ETH exposure was US $22.01 million and BTC exposure was US $38.58 million.

Interpretation of this information:

The message reports on the total net exposure in the past 24 hours, as provided by Coinglas data. The total net exposure is the sum of all positions in the market, taking into account the profits and losses that result from price fluctuations. In this case, the total net exposure was US $170 million.

It is interesting to note that the report highlights the exposure of two particular cryptocurrencies: ETH and BTC. ETH exposure was US $22.01 million, while BTC exposure was US $38.58 million. This suggests that these two cryptocurrencies may have experienced significant price movements or trading activity in the past 24 hours.

ETH, or Ethereum, is a popular decentralized blockchain platform that allows developers to build and deploy decentralized applications (dApps). The platform uses smart contracts to automate processes and transactions, offering greater transparency and efficiency compared to traditional systems. ETH is also the second-largest cryptocurrency by market capitalization, behind only Bitcoin.

BTC, or Bitcoin, is the largest and most well-known cryptocurrency. It was created in 2009 by an anonymous developer using the pseudonym Satoshi Nakamoto. Bitcoin transactions are recorded on a decentralized blockchain network that is maintained by a worldwide network of nodes. The supply of Bitcoin is limited to 21 million coins, making it a deflationary asset.

Overall, the report suggests that there is significant interest and activity in the cryptocurrency market, with traders and investors seeking exposure to the potential gains and risks of cryptocurrencies. While ETH and BTC are just two of many cryptocurrencies, they are among the most popular and widely traded.