$974 million Get Liquidated in 24 hours: long positions suffer heavy losses, with a single largest loss exceeding $15 million.

[Bitpush] In the last 24 hours, the market has experienced another bloodbath.

Data shows that the total liquidation amount across the network has reached 974 million US dollars. Long positions have become the main victims of this round of decline—850.1 million US dollars worth of long positions were liquidated, while short positions suffered relatively small losses, only 123 million. More than 260,000 traders exited during this wave of market movement.

The worst loss? An ETH contract position on a certain DEX platform evaporated 15.6 million USD in an instant. The brutal reality of the leveraged market is evident when such a large position can disappear just like that.

The long-short ratio is close to 7:1, indicating that most people are betting on a rise, but the market caught everyone off guard.