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The cryptocurrency market has experienced significant fluctuations in the past couple of days, with liquidation data reaching new highs. According to on-chain data, the total liquidation amount across the entire network in the past 24 hours has reached $101 million, with longs under the most pressure—liquidating $54.04 million in long positions. Shorts also fared poorly, with $46.72 million in liquidations.
The situation of mainstream coins is even more noteworthy. Bitcoin saw $2.86 million in long liquidations and $1.68 million in short liquidations; Ethereum's longs were hit even harder, with $3.00 million in liquidations, while shorts suffered some losses, with $5.53 million in liquidations.
The most heartbreaking part is the number of people—within 24 hours, a total of 87,935 individuals worldwide were forcibly liquidated. The largest single liquidation event occurred on the Hyperliquid exchange for the FARTCOIN-USD trading pair, with a position liquidated for $1.46 million. This indicates that many traders suffered significant losses in leveraged trading, highlighting the importance of risk management.