In the past 24 hours, the total amount of liquidations in the cryptocurrency market reached 330 million USD, among which long positions accounted for 235 million USD and short positions accounted for 94.73 million USD.
Specifically, Bitcoin long positions were liquidated for 44.78 million USD, and short positions for 13.49 million USD; Ethereum long positions were liquidated for 83.13 million USD, and short positions for 50.50 million USD. Meanwhile, a total of 99,845 people experienced liquidations globally, with the largest single liquidation occurring on Binance - BTCUSDT, valued at 7.825 million USD.
The cryptocurrency market is known for its high volatility, and this large-scale liquidation intuitively reflects the intensity of the battle between bulls and bears in the current market. In such a market environment, investors face significant risks, and any sudden market movement could trigger massive liquidations, which serves as a reminder to investors that participation in cryptocurrency trading requires a thorough understanding of market risks and careful investment decisions.
