CoinVoice has learned that WhaleWire founder Jacob King stated in a post on X that although Bitcoin has only dropped by 1%, the market liquidation size has exceeded 360 million dollars in the past 24 hours, with over 100 million dollars liquidated in the last 60 minutes.

Jacob King said, "This phenomenon highlights the excessive leverage in the market during times close to historical highs. When investors rush to exit simultaneously, the market may face an inevitable significant collapse risk." [Original link]