$BTC $ETH
In the past hour,
the total liquidation amount across the network has surprisingly exceeded 60 million USD,
this is no small amount!
According to Coinglass data, the liquidation amount for long positions reached 55.4484 million USD, while the liquidation for short positions was relatively low at 6.136 million USD.
Such a large liquidation amount means countless investors' assets have significantly depreciated in a short period of time, and some may even lose everything as a result. With such a high proportion of long position liquidations, what exactly happened behind the scenes? Was it a sudden market reversal, or are there other mysterious factors at play? The truth behind this, I’m afraid, can only be known by those who have a deep understanding of the dynamics in the cryptocurrency world.
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