On-Chain Alert: On December 13th, the entire network experienced $184 million in liquidations within 1 hour, with the largest single-loss in ETH exceeding $5.68 million.

【BlockBeats】Just saw a set of not-so-optimistic data. On December 13th, during this hour, the total liquidation amount across the entire network soared to $184 million, with the bullish brothers being wiped out by $182 million, while the bears only lost $3.27 million—clearly indicating that the bulls are under pressure.

Looking at the recent 24 hours from a broader perspective, the situation is even more exaggerated. More than 110,000 traders were forcibly liquidated, with total losses reaching $395 million. The most painful one occurred on the Hyperliquid platform’s ETH-USD contract, where a single order was wiped out with $5.68 million.

Such levels of consecutive liquidations usually indicate that market sentiment is changing rapidly, and leverage positions are highly concentrated. All leverage traders should tighten up, as stop-losses are not just decorations.