Bitcoin liquidation leads the 24-hour liquidation wave, with bears suffering heavy losses

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According to Coinglass data, the cryptocurrency market has recently experienced a wave of large-scale liquidations, with Bitcoin’s margin calls standing out once again. In the past 24 hours, the total liquidation amount across the network reached $203 million, with short positions liquidated far exceeding long positions, and Bitcoin’s performance being particularly prominent.

Total Market Liquidation Exceeds $200 Million, Severe Losses for Shorts

In this round of market volatility, the total liquidation amount in the cryptocurrency market reached $203 million. By liquidation direction, short positions accounted for $141 million, while long positions were only $62.33 million, making the losses for short investors more than twice those of longs. This indicates that during this decline, short sellers faced greater pressure, and the market shows clear characteristics of short liquidation.

Comparison of Bitcoin and Ethereum Liquidations, BTC Under Greater Pressure

Among mainstream coins, Bitcoin’s liquidation amount reached $63.99 million, with short liquidations totaling $52.38 million, accounting for over 80%. Ethereum’s liquidation scale was $56.99 million, with short liquidations of $41.33 million. Among the two major cryptocurrencies, Bitcoin’s short liquidation ratio is slightly higher, reflecting that investors shorting Bitcoin faced more concentrated liquidation pressure in this market cycle.

Largest Single Liquidation Event, Hyperliquid as “Major Disaster Area”

Among all liquidation events, the largest single liquidation occurred on the decentralized exchange Hyperliquid for the BTC-USD trading pair, with a liquidation scale of $3.2591 million. Additionally, over the past 24 hours, a total of 104,819 people were liquidated, with an average liquidation size of approximately $1,939 per event. This wave of large-scale liquidations indicates that the current crypto market volatility remains high, and investors should be cautious of high leverage risks.

BTC1,59%
ETH3,78%
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