When Bitcoin drops below 77,000, the market moved very quickly.

145 million dollars worth of positions were closed in one hour, most of which were long positions.
These liquidations around 62 positions occurred quite sharply.

Looking at the data, 138 million dollars are long positions, and the remaining 7.56 million dollars are short positions.
In other words, as the market went down, most of the longs were closed.
Currently, BTC is trading around 77.5K, but this wave of liquidations shows how important risk management is.

In such sudden movements, leveraged positions can be closed very quickly.
If you don't have a stop loss or if it's too wide, you might face problems during these market moves.
The crypto market is known for this kind of volatility, but you need to be careful during such moments.