🚨 $765 million instantly evaporated! Shorts were wildly liquidated, with 160k traders forced to liquidate

The crypto market once again experienced a large-scale liquidation event.

In the past 24 hours, the total liquidation amount reached $765 million, with shorts being the main victims of this event.

📊 Liquidation data overview:

Total liquidation amount: $765 million
Long positions liquidated: $174 million
Short positions liquidated: $591 million

As seen, the scale of short liquidations far exceeds that of longs, indicating that the recent upward market trend has created a clear “squeeze effect” on shorts.

📉 Mainstream coin liquidation situation

Bitcoin (BTC)

Longs liquidated: $40.9 million
Shorts liquidated: $345 million

Ethereum (ETH)

Longs liquidated: $27.98 million
Shorts liquidated: $144 million

Additionally, over the past day, a total of 163,244 traders worldwide were forcibly liquidated.

The largest liquidation occurred on Hyperliquid’s BTC-USD contract, with a single liquidation amount of up to $15.75 million.

🔎 Market logic

When a large-scale short liquidation occurs, it often indicates:

A bullish trend is forming
Shorts are being continuously squeezed out
Short-term volatility will significantly increase

However, excessive emotions can also lead to new fluctuations, so traders should remain cautious.

🌱 A word for traders

In the crypto market,
liquidations are never caused by the market being too fierce, but by positions being too heavy.

True experts are not those who always bet on the right direction,
but those who can survive in the market regardless of how the market moves. 🚀📊