The cryptocurrency market fluctuated violently: the entire network liquidated $130 million in 24 hours, causing losses to both long and short parties.
Recently, the cryptocurrency market has experienced a violent fluctuation, causing the entire network to liquidate as much as $130 million in just 24 hours, involving 53,053 people.
This incident once again highlights the high risk and volatility of the cryptocurrency market, and also reminds investors to remain cautious and rational when participating in the market.
Judging from the liquidation situation, both long and short orders have been impacted to varying degrees.
The liquidation amount for long orders reached US$82.1467 million, while the liquidation amount for short orders was as high as US$477.382 billion.
This shows that there are obvious differences and games between the long and short sides of the market, and investors have large differences in their judgments of market trends.
Specific to cryptocurrency types, ETH and BTC are the two giants in the market, and their liquidation amounts are also quite significant.
The liquidation amount of ETH reached US$382.072 billion, while the liquidation amount of BTC also reached US$25.0291 million. This is further proof that even mainstream cryptocurrencies are not immune to the risks posed by market volatility.
For us, when investing in cryptocurrencies, it is important to pay attention not only to short-term fluctuations in the market, but also to long-term trends and fundamental factors.
At the same time, reasonable control of positions and setting stop loss points are also important means to reduce risks. $BTC $ETH