Yesterday, the market once again staged a bloodbath. Within 24 hours, the entire crypto market's liquidation funds soared to $417 million—short sellers suffered even heavier losses, directly evaporating $299 million, and long positions also fared poorly, losing $119 million.



Over 120,000 accounts were forcibly liquidated. The most brutal was a BTC-USDT trade on a certain exchange, with a single liquidation of $23.98 million vanishing into thin air.

This wave of market activity has once again given leveraged players a harsh lesson.
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DuckFluffvip
· 15h ago
Leverage traders are being exposed again. This is the consequence of playing with fire. --- 4.17 billion is gone directly, making my scalp tingle. --- I told you not to touch leverage, but you insisted on being clever. Now it’s like this. --- 120,000 people were liquidated. That number is truly frightening. --- The short side suffered the worst, haha, serves them right. --- Another wave of retail investors got cut off. The market teaches people in this way. --- In just one single order, 23.98 million disappeared. I need to slow down. --- Neither bulls nor bears are getting good results; the market is just about making money. --- That’s why I will never touch leverage. --- Bloodbaths are the norm. Are there still people willing to hold heavy positions? --- Market: I’ll ask again, who still dares to play with leverage? --- Here we go again. Every time they say it’s the last time.
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GateUser-a606bf0cvip
· 12-10 20:50
Here it comes again, the nightmare time for leverage traders. 120,000 people liquidated? What kind of hardcore contract can handle that number? The air force lost 299 million, the multi-force lost 119 million, and they call that a balanced fight? Laugh out loud. A single loss of 23.98 million, this is the harsh truth of the market, everyone. This round of education costs a bit too much, brothers. Every time they say learn a lesson, but next time they still keep leveraging without change. The market is just a meat grinder, and funds are being sucked in like this. The more you lose, the more you want to recover, but this mentality has long been dead. Everyone said not to go all in, but they insisted on shoving all their chips like others do. It feels like this round of liquidation isn't over yet, there's more to come.
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BottomMisservip
· 12-10 20:49
Here we go again, another massacre. I’m once again on the wrong side. 120,000 people liquidated? I bet none of them admitted fault. 24.39 million just disappeared. How does this exchange sleep at night?
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SundayDegenvip
· 12-10 20:49
Same old story, leverage traders really should wake up --- 400 million liquidation, that number sounds painful --- 2.99 billion in the air force was directly wiped out, deservedly so, honestly --- 120,000 people forced to liquidate, this is the fate of gamblers --- A single order of 23.98 million, that order on a certain exchange was truly incredible --- This ruthless market coach just loves collecting leverage tuition fees --- Looking at these numbers, even the military isn't doing well, all are roles in dividing the leeks --- Another bloodbath, I'll just watch the show quietly
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StableBoivip
· 12-10 20:44
Here we go again, the leverage trader got washed out again. This time, 417 million was lost directly. Playing with this kind of risk really gets the heart pounding. I'm speechless—120,000 people liquidated. How many people have gone bankrupt? A single trade of 23.98 million blew up. I just want to know how that guy is doing now. Market: Kid, still playing with leverage? Let me teach you how to behave. Fortunately, I just hodl and sleep soundly.
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MidnightGenesisvip
· 12-10 20:44
On-chain data shows that the single liquidation of 23.98 million is indeed interesting. I monitored the contract changes, and the timing is suspiciously peculiar... It’s worth noting that the short positions' loss ratio is significantly higher than the long positions. Based on the code logic, it doesn’t seem like a random liquidation.
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