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Recently, there has been quite a bit of market volatility, and the liquidation data over the past 24 hours is quite heartbreaking. According to statistics, the total liquidation amount across the entire network reached $296 million, with short positions wiped out by $239 million and long positions liquidated by $56.47 million.
Specifically, for mainstream cryptocurrencies, Bitcoin saw long position losses of $13.84 million, and shorts were wiped out by $58.51 million. Ethereum's situation is similar, with long liquidations of $8.84 million and shorts even more severe—$86.58 million.
What’s even more heartbreaking is that nearly 100,000 people were liquidated yesterday (99,003 people). The largest single liquidation occurred on the Hyperliquid platform’s ETH-USD trading pair, with a direct liquidation of $18.75 million. The market is so volatile that whether you’re chasing longs or shorting, you need to be cautious.