The liquidation data for the entire network contracts in the past 24 hours is quite interesting.

You will see that the liquidation amount for others is actually larger than that of Bitcoin, where others refers to altcoins.

The price of Bitcoin continues to rise, constantly setting new highs, while altcoins are experiencing a self-induced decline, with a large number of long positions in altcoins being liquidated.

If the price of Bitcoin falls, then there will be more long positions in altcoins liquidated.