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Wow, I just saw the liquidation data yesterday—total $383 million in one day! The short positions that were hit the hardest, $256 million wiped out, while longs only $127 million. So the shorts are more regretful now.
BTC and ETH were the most bloodied, at $194 million and $98.5 million respectively. The worst was at Hyperliquid, where there was a BTC-USD liquidation reaching $13.3 million in a single event. Imagine the market position really shifting with 87,000 people simultaneously getting margin calls.
The market situation still seems to be shaking, such a large liquidation usually indicates significant volatility. Traders need to be more careful with leverage when the market is fluctuating like this.