In the last 24 hours, cryptocurrency perpetual futures markets experienced a significant liquidation event, totaling 459.2 billion KRW. Bitcoin (BTC) led the pack with a staggering $312.93 million in liquidations, representing 81.21% of long positions. This indicates a strong market correction impacting traders betting on upward price movement. Ethereum (ETH) followed closely with $262.11 million in liquidations, with long positions accounting for an even higher 85.06%. Solana (SOL) also saw substantial liquidations, reaching $44.95 million, and a dominant 91.56% of these were long positions. These large-scale liquidations suggest heightened volatility in the crypto market. Traders should exercise caution and manage their risk effectively during these periods of market uncertainty. ```

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