Almost $1.1 billion in liquidations across the entire network in 24 hours, over 1.8 million traders wiped out

【Blockchain Rhythm】The total liquidation volume across the entire network within 24 hours approached $1.1 billion. Among them, long positions faced the greatest pressure, with approximately $1 billion in longs being liquidated. Although shorts incurred relatively smaller losses, nearly $63 million were also swept out.

This wave of market movement has a wide impact—over 180,000 traders worldwide experienced liquidations. Looking at the most severe single case, on the BTC perpetual contract at Bitget exchange, someone directly had a position of $13.52 million liquidated. Such large-scale liquidations often further exacerbate market volatility.