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The recent 24 hours have been quite turbulent in the market. According to data, the total liquidation amount across the entire network in the past 24 hours reached $108 million, with long positions liquidated at $57.5654 million and short positions at $49.9482 million.
Specifically, among mainstream cryptocurrencies, Bitcoin's performance has been quite brutal—longs were liquidated at $15.3182 million, and shorts at $22.7087 million. Ethereum also didn't fare much better—longs at $11.7821 million and shorts at $8.3713 million.
The overall situation is chaotic. In the past 24 hours, a total of 61,045 people worldwide faced liquidation, with the most significant single liquidation occurring on Hyperliquid's BTC-USD contract, where $7.3377 million was wiped out in one go. This wave of market activity has caused many leveraged traders to be forced out, once again highlighting the importance of risk management in a bloody and stark manner.