#Over $200 million lost in crypto market crash.#

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Overview

There has been a massive liquidation in the crypto market recently. The total liquidation amount across all contracts in the past 24 hours reached $285 million, with $190 million in short positions being liquidated, accounting for 66.67% of the total liquidation amount. Ethereum (ETH) had the highest liquidation amount at $58.5 million, accounting for 20.51% of the total liquidation amount. However, in the previous hour, the total liquidation amount across all contracts was $15.05 million, with $14.01 million in long positions being liquidated, accounting for 93.08% of the total liquidation amount. Bitcoin (BTC) had the highest liquidation amount at $7.11 million, accounting for 47.27% of the total liquidation amount.

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Analysis

There has been a large-scale liquidation phenomenon in the cryptocurrency market recently. In the past 24 hours, the total liquidated amount across all contracts reached $285 million, with $190 million from short positions, accounting for 66.67% of the total liquidated amount. Ethereum (ETH) saw the highest liquidation amount at $58.5 million, accounting for 20.51% of the total liquidated amount. In the past hour, the total liquidated amount across all contracts reached $15.05 million, with $14.01 million from long positions, accounting for 93.08% of the total liquidated amount. Bitcoin (BTC) saw the highest liquidation amount at $7.11 million, accounting for 47.27% of the total liquidated amount.This indicates that the cryptocurrency market has been experiencing intense fluctuations recently, and both bulls and bears are facing significant risks. Investors should operate cautiously and manage their risks carefully.

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Coin market liquidations mainly concentrated in short positions, with a total of $285 million liquidated across the entire network in the past 24 hours, including $58.5 million in ETH.

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Recent price fluctuations in the cryptocurrency market have led to frequent liquidation events, for example, within the past hour, the total amount of liquidation across the network has reached $15.05 million, mainly concentrated in long positions.

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Contract trading in the cryptocurrency market carries high risk. Investors need to be cautious in their operations and avoid blindly chasing gains or selling off in panic.

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Liquidation data is for reference only and does not constitute investment advice.

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