Crypto prices are falling fast Thursday afternoon, forcing the liquidation of many an optimistic bet on future prices—with over $320 million worth of long bets getting wiped out in the last hour alone.

That’s according to data from CoinGlass, which shows nearly $328 million worth of total liquidations over the last hour, nearly all longs, along with $713 million worth of crypto positions liquidated over the last day. During that span, $650 million worth of the liquidations were long positions, or bets that the price of a specific asset will increase.

Bitcoin leads the daily liquidations, as usual, at $317 million worth, including $306 million worth of longs. BTC has fallen by nearly 3% over the last day to a current price below…