#More than $800 million in liquidations across the entire network#

Recently, the cryptocurrency market has experienced wild fluctuations, resulting in over $800 million in liquidations across the entire network. Data shows that in the past 24 hours, total contract liquidations reached $866 million, with long positions accounting for $673 million, or 77.7% of the total. Over the past hour, liquidations across the entire network have also exceeded $90.05 million, with long positions accounting for approximately $17.29 million and short positions accounting for approximately $72.76 million. This indicates that market sentiment has been bullish recently, but heavy long positions have led to a sharp pullback in the market, ultimately triggering large-scale liquidations. It is worth noting that in the past hour, total liquidations across the network reached $12.19 million, with short positions accounting for $9.29 million, or 76.2% of the total. This indicates that market sentiment is starting to become cautious, and short selling power is gradually increasing. There is still significant uncertainty about the future direction of the market. Investors need to be cautious in their operations, manage risk, and avoid excessive chasing of rallies and selloffs.