In the past 24 hours, the cryptocurrency market has experienced a "violent surge," with Ethereum becoming the absolute main character. After completing the Pectra upgrade, the price of ETH skyrocketed, with a daily increase of 22%, regaining the $2200 mark.

This surge has not only driven altcoins like Virtual, EIGEN, and SUI to daily increases of over 50%, but also caused 200,000 investors to face liquidation in the long-short game, with the total liquidation amount reaching 679 million dollars across the network. Among them, the losses were most severe for Bitcoin and Ethereum shorts, with the largest single liquidation occurring in the BTCUSDT trading pair on Binance, valued at 11.9692 million dollars.