The #crypto market is experiencing a lot of volatility, with #bitcoin recently falling below $57,000, causing a wave of contract liquidations worth hundreds of millions of dollars. Over the past 24 hours, a total of over 379 million USD was liquidated, the majority of which were long-term positions, with Binance accounting for the majority of them​ (The Daily Hodl)​ (Binance)​.

Several other cryptocurrencies also experienced major volatility, including Ethereum, Solana, Dogecoin, and Toncoin. The total number of liquidated positions on exchanges such as Binance, OKX, Huobi and Bybit is also very significant​ (coinglass)​.

Next week, it is forecast that the market will continue to fluctuate due to the influence of macro factors and developments in regulations. Investors should be careful and closely monitor market news to make reasonable investment decisions.