The market has experienced another round of intense volatility, with the total liquidations across the network being shocking—over 61.95 million dollars evaporated in an instant.

Upon closer inspection, the hardest hit are those who went long, with long liquidations reaching as high as 61.25 million dollars, nearly accounting for the total. In contrast, short liquidations are just over 700,000 dollars, showing a significant disparity.

Bitcoin saw nearly 14 million dollars in liquidations, while Ethereum fared even worse, with over 18.9 million dollars, making it the 'liquidation king' in that hour. These two cryptocurrencies alone accounted for the majority.

In this wave of liquidation, we don't know how many people have lost their positions. The market is this cruel $BTC $ETH