Just checked the 24-hour liquidation data. The overall liquidation size across the entire network is still quite big—around $649 million. This round of market action dealt the bulls a pretty tough blow, with $192 million liquidated. The bears over there also didn’t do any better, with $456 million in liquidations.

Taking a closer look at the status of major coins: for Bitcoin, long liquidations were over $37.3 million, but short liquidations were even more intense, directly reaching $223 million. For Ethereum, long liquidations were $45.54 million, while short liquidations were $131 million. It looks like this round of market action is also a test for the bears—both sides are going through the ordeal of liquidation.

Market volatility really isn’t small. With liquidation data this large, it shows there are still quite a lot of people using leverage. Be a bit more careful—under these market conditions, liquidation risk definitely exists.