The past day’s market activity really didn’t make things easy. The total liquidation amount in the cryptocurrency futures market exceeded $145 million, a figure that’s truly alarming. Both longs and shorts weren’t spared, with over $74 million and $71 million respectively being liquidated, making it a fierce battle with equal losses on both sides.

Which area was hit hardest? Bitcoin took the biggest hit, with liquidations totaling $39.42 million in one day, making it the biggest victim. Ethereum also fared poorly, with liquidations reaching $34.49 million, closely following behind.

This wave of market activity exposed the market’s fragility. In the current environment of increasing global economic and policy uncertainties, the risks of leveraged trading are becoming more and more apparent. Many traders are caught or forced to cut losses in this kind of market, prompting a reflection on their risk management strategies. For investors involved in futures trading, this lesson is worth remembering—staying vigilant and controlling risks will never go out of style.