According to an in-depth report by BlockBeats, on July 7, according to real-time data from Coinglass, the global cryptocurrency market experienced significant fluctuations in the past 24 hours, resulting in a cumulative liquidation of US$172 million across the entire network. During this fluctuation, the total liquidation of long positions (long orders) was US$26.88 million, showing that some investors encountered unfavorable conditions when trying to bullish the market; while the liquidation of short positions (short orders) was even larger , reaching $145 million, indicating that many investors with short-selling strategies have not been immune to the violent market fluctuations. This data once again highlights the high-risk nature of the cryptocurrency market and the importance of investors operating with caution in extreme conditions.

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