$1 billion vanished into thin air, with more than 794 million long orders liquidated—what the market taught us is what it truly means to show reverence.

Coin World News: In the past 24 hours, the total contract liquidation amount across the entire network reached $1 billion, of which the liquidation amount for long positions was $794 million. ETH’s current price is $1,517.79, with a 24-hour decline of 12.43%. In this liquidation event, ETH’s liquidation amount was $292 million, accounting for 29.21%.