Crypto Market Explodes: 223 Million USD Contracts Liquidated in 24 Hours, Mainly Short Positions

$BTC $ETH According to data from Coinglass, the crypto market has witnessed a strong wave of liquidation in the past 24 hours, with a total value reaching 223 million USD, mainly affecting short positions (betting on price decline).

Detailed Statistics:

• Total liquidation: 223 million USD

  • Long (buy): 38.12 million USD (17% of total liquidation).

  • Short (sell): 185 million USD (83% of total liquidation).

• Asset Allocation:

  • Bitcoin (BTC): 97.84 million USD (liquidation mainly from short positions).

  • Ethereum (ETH): 44.83 million USD (short positions dominate).