Ethereum Plunge Massacre: 1 Billion Liquidated! Blood Runs in Exchanges
Ethereum experiences a cliff-like plunge! Overnight, the ETH price crashed by 6.5%, nearly 200 billion dollars in market value evaporated in an instant, and countless contract traders were forcibly liquidated in their sleep!
Exchanges have become disaster zones! According to on-chain data monitoring, within just 24 hours, the liquidation amount of the top three exchanges has exceeded 1 billion dollars! BitMEX's Ethereum contracts experienced the most severe liquidations, with a single liquidation amounting to 22 million dollars, and a chain reaction of liquidations triggered system delays, with users across the network witnessing the reality of wealth evaporation.
"Chain reactions of liquidations are like a nuclear explosion!" analysts exclaimed. In the midst of the plummeting market, the exchange's liquidation engine is operating at full power, and a dual-kill mode is activated for indiscriminate strikes. Short position winners found themselves unable to close their positions due to a liquidity crisis, and the market's fear index soared to a three-month high!
The bloodbath is not over yet! On-chain data shows that below Ethereum's key support level, there are still 1.5 billion dollars worth of long positions staked. If the price declines another 5%, it could trigger the largest chain reaction liquidation in history. A risk control officer from a certain exchange urgently warned: "We have activated the circuit breaker plan three times, but market depth is disappearing..."
This is the blockchain version of a "battle royale" scene, and it is also the ultimate stress test for exchanges. Position holders are trembling, and the market has completely entered a bloody liquidation moment! A bigger storm could be coming tonight!
Opportunities are fleeting, a correction is imminent, bottom-fishing for spot trading, and altcoin profits are waiting for you! Doubling is not a dream; click on the avatar to follow me and join the bull market feast!
