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In the last 24 hours, the market has staged a tragic scene - the total liquidation scale across the network has soared to 385 million USD.
Coinglass's monitoring data is quite striking: the short-sellers are the hardest hit this time, with short positions getting liquidated for 262 million, while long positions fell by 122 million. This wave clearly caught the bears off guard.
In terms of specific cryptocurrencies, BTC saw a double whammy for both longs and shorts—longs lost 47.14 million, while shorts fared even worse, evaporating 80.94 million. ETH didn't escape either, with long positions exiting at 24.21 million and short positions going to zero at 54.91 million.
Over 110,000 people (specifically 113,620 accounts) were killed in this massacre. The most brutal case occurred on the Hyperliquid platform with the BTC-USD contract, where a single liquidation amount reached $8.6162 million, making it the "Get Liquidated King" of this round.
In the short term, market volatility continues to expand, and liquidation pressure remains high. Friends who want to play with leverage really need to weigh their options at this time.