$ETH $BTC
The cryptocurrency market is in turmoil!
$552 million liquidated in 24 hours!
Long positions are the "hard-hit area"!
Recently, the cryptocurrency market has experienced a thrilling upheaval!
According to CoinGecko data, the total market capitalization of cryptocurrencies has fallen below $3.4 trillion, with a 24-hour decline of 4.2%! This is truly alarming!
Even worse, a total of $552 million was liquidated across the network in the past 24 hours!
Among them, the amount liquidated from long positions reached $409 million, making it the "hard-hit area" in this turmoil.
In contrast, the $142 million liquidated from short positions seems a bit insignificant.
Looking at the market shares of BTC and ETH, BTC still holds the top spot with a market share of 55%; while ETH follows closely with a market share of 12.3%.
In summary, this cryptocurrency market is truly unpredictable and can lead to significant losses overnight.
So, everyone should invest cautiously!
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