#Crypto crash exceeds $200 million#

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Overview

There has been a large-scale liquidation in the cryptocurrency market recently. In the past 24 hours, the total liquidation amount across all exchanges reached $235 million, with $155 million in long positions liquidated. BTC had the highest liquidation amount, reaching $66.96 million, accounting for 28.45% of the total liquidation amount. In the past hour, the total liquidation amount across all exchanges reached $10.07 million, with $9.46 million in long positions liquidated. ETH had the highest liquidation amount, reaching $1.79 million, accounting for 17.85% of the total liquidation amount.

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Analysis

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. Additionally, the total liquidation amount across all contracts in the past hour also 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 that the market has been experiencing significant volatility recently, and long positions are facing significant risks. Investors should exercise caution, manage their risks, and avoid excessive leverage.

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cryptocurrency

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market

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liquidation

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mainly

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concentrated

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in

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long

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positions

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BTC

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and

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ETH

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are

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the

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main

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cryptocurrencies

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for

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liquidation

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the

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liquidation

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amount

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is

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huge

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the

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total

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liquidation

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amount

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across

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entire

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network

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in

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the

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past

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24

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hours

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exceeded

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2.35

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billion

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US

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dollars

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price

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fluctuation

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is

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the

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main

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reason

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for

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liquidation

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