1.7 billion huge liquidation, a new record in the market:

Last night, the cryptocurrency market once again witnessed a historic moment, with 1.7 billion in funds disappearing in a super liquidation, a staggering figure!

📉 Altcoin contracts hit hard: It is worth noting that this liquidation storm mainly swept through the altcoin contract market, while Bitcoin (the big cake) remained relatively stable, indicating an intensifying market divergence.

🔍 Short-term leverage liquidation: After this violent fluctuation, short-term leveraged traders seem to have been forced to exit the market, and leverage risk has been partially released.