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The recent market volatility has been quite intense. According to on-chain data, the total liquidation amount across the entire network in the past 24 hours reached $287 million — a figure that warrants caution. Among these, long positions suffered heavy losses, with liquidations totaling $241 million, while shorts also fared poorly, with liquidations of $46.3 million.
Looking at specific cryptocurrencies, Bitcoin saw long liquidations of $60.76 million and short liquidations of $9.49 million. Ethereum experienced similar trends, with longs liquidated for $73.82 million and shorts for $8.34 million.
Even more astonishing, within just 24 hours, 99,555 trading accounts were liquidated. The most dramatic case involved a single liquidation on a major exchange’s BTC-USD contract, with an amount as high as $3.6396 million — a trader’s dream, possibly shattered in that very moment.
Seeing these figures, we remind everyone to be extremely cautious when trading with leverage. Properly managing positions and setting stop-losses are the keys to long-term survival. The market is always there, but your principal must be preserved.