#ETH, BTC liquidations exceed 10 million#

Recently, the cryptocurrency market has witnessed massive liquidations, with over $5.14 million and $9.14 million in liquidations for Bitcoin and Ethereum perpetual contracts, respectively. This indicates significant market sentiment volatility and divergence in investors' views on price movements. Analysts point out that major orders can be combined with the holding difference indicator to judge the intention of major players to open or close positions, potentially guiding price direction. Therefore, closely monitoring market dynamics and staying informed about major player actions is crucial for investors. Some platforms offer real-time monitoring of large order books and automatically generate reports for timely market insights. However, it's essential to remember that liquidation data only reflects market sentiment and should not be the sole basis for investment decisions. Investors should carefully consider their risk tolerance and market analysis before taking any action.