#Over $200 million in crypto short positions liquidated.#

Recently, there has been a large-scale margin call event in the cryptocurrency market. According to statistics, the total margin call amount across the entire network reached $228 million in the past 24 hours, with $148 million in margin calls for short positions, accounting for 65% of the total. In the past hour alone, the total margin call amount across the entire network reached $12.54 million, with $11.03 million in margin calls for short positions, accounting for 88% of the total. This shows that the cryptocurrency market has been experiencing intense volatility recently, with short-selling forces being relatively strong, leading to a large number of short positions being liquidated. Analysts believe that the main reason for this margin call event is the excessive interpretation of recent policy news and market sentiment, leading to significant market fluctuations. Short positions were too heavy and unable to withstand market risks, ultimately leading to margin calls. This event also serves as a reminder to investors that they should operate cautiously, control their positions, and avoid excessive leverage in times of intense market volatility to prevent margin call risks.