#Crypto crash exceeds $200 million#

There has been a large-scale liquidation in the cryptocurrency market recently. Data shows that the total liquidation amount across all contracts in the past 24 hours reached $235 million, with $155 million in long positions liquidated, accounting for the majority of the liquidations. Bitcoin liquidations reached $66.96 million, accounting for 28.45% of the total liquidation amount. In the past hour, the total liquidation amount across all contracts reached $10.07 million, with $9.46 million in long positions liquidated. Ethereum liquidations amounted to $1.79 million, accounting for 17.85% of the total liquidation amount. This indicates a pessimistic market sentiment, with investors lacking confidence in the market trend, leading to a large number of long positions being forcibly liquidated. This liquidation event mainly concentrated on mainstream cryptocurrencies such as Bitcoin and Ethereum, reflecting the market's high volatility expectations for mainstream cryptocurrencies. Investors need to operate cautiously and control risks.