Analysis of liquidation data across the network in the past 24 hours:

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Total liquidation amount: $1.716 billion

- Altcoin liquidation amount: $1.296 billion

- BTC liquidation amount: $178 million

- Ethereum liquidation amount: $241 million

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The market is experiencing significant volatility, with altcoins under heavy pressure, while the liquidation data for BTC and ETH is relatively small.