#Over $500 million liquidated in the crypto market.#

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 $552 million, with long positions accounting for $459 million, representing over 80%. Among them, BTC liquidation amounted to $125 million, accounting for 22.77%, while ETH liquidation reached $7.7 million, accounting for 29.09%. This indicates a pessimistic market sentiment, weak bullish forces, and a cautious outlook among investors. The recent liquidation event primarily concentrated on long positions, suggesting a discrepancy between market expectations and actual price movements, forcing longs to close their positions and cut losses. Additionally, the recent market volatility has exacerbated the risk of liquidation. Investors should exercise caution, manage risk, avoid excessive leverage, and invest rationally.