Crypto Liquidation: Over 562 Million USD Blown Away in 24 Hours

Liquidation data (Rekt) in the crypto market shows significant volatility just in the past 24 hours.

In the last hour, the total liquidation value reached 37.91 million USD, with long positions dominating at 35.71 million USD, while short positions were only at 2.20 million USD. This indicates that the market tends to lean towards long-term holders being heavily affected.

In the 4-hour frame, total liquidations soared to 73.06 million USD. However, the notable point is that long positions suffered heavy losses of 66.92 million USD, while short positions gained 6.13 million USD, reflecting a rapid reversal of the price trend.

In 12 hours, the liquidation value continued to rise to 125.96 million USD, with long positions accounting for 107.12 million USD and short positions at 18.84 million USD.

Finally, in 24 hours, the market witnessed a staggering 562.81 million USD liquidated. Long positions were still the hardest hit, suffering 508.28 million USD, while short positions lost 54.52 million USD.

Overall, this data indicates that the market is in a period of high volatility, warning of significant risks for both long-term and short-term investors.