Data from the image shows that the crypto market has just undergone a 'bloodbath' with a total liquidation value reaching $982.3M in just 24 hours. This is not only a large number but also a warning signal for the entire trading community: the market is extremely volatile, and leverage is a double-edged sword that is very sharp.
Key highlights to note:
1. Long orders were overwhelmingly wiped out
• Almost 91% of the liquidation money in 24 hours came from Long positions, indicating that the market experienced a strong dump causing many bullish players to get 'rekt'.
• $891.6M Longs were liquidated compared to $90.7M Shorts — a huge discrepancy → the downward trend is dominant.
2. Leverage has been wiped out broadly
• Nearly 227,000 traders got liquidated in 24 hours — meaning hundreds of thousands of people used excessively high leverage, did not set stop-losses, or expected the market to continue rising too early.
3. The largest liquidation order near $10M
• Particularly notable: Bitmex-BTC recorded a single liquidation order of nearly $10 million, indicating that there is a whale or an organization that made a huge bet — and got caught in the liquidation storm.
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Message for traders:
• Don't FOMO. When the market has pumped strongly before, the chance of a 'reversal' is very high, especially when Long positions are too crowded.
• Risk management is vital. Using leverage without a capital management strategy is suicidal.
• Monitoring liquidation data is a weapon. It helps you understand which side is being cornered, and when the market may reverse.
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Strategic perspective:
Currently, the Long side is being wiped out en masse → the market may be entering a 'shakeout' phase before recovering. However, if no clear reversal signals are seen yet, then a short squeeze hasn't occurred, and selling pressure may continue.
This is a time to calmly observe rather than rush in to catch the bottom.
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In summary: This is one of the largest liquidation events in recent times. Nearly 1 billion USD 'evaporating' is clear evidence that the crypto market is not for those lacking discipline and merely chasing emotions.
When you see blood on the floor – there are two options: stay out, or enter with a clear plan. Don't be the next casualty.
