In the past hour, $BTC plummeted by 7.2%, and $ETH plummeted by more than 18%. During this period, the total amount of liquidation in the market reached 241 million US dollars, mainly long positions.

$BTC: Total liquidation of 69.34 million US dollars, the maximum liquidation price is 52,692

$ETH: Total liquidation of more than 90 million US dollars, the maximum liquidation price is 2286

According to the usage of the liquidation chart: During the decline, a large number of long orders were liquidated and then rebounded. After a large number of long orders were liquidated, BTC and ETH briefly rebounded to above the maximum liquidation price, but there is no clear signal to stop the decline in the market, and there is still a risk of a decline.