In the last 24 hours, a total of 211,146 overseas users have been liquidated, with a total liquidation amount of $612 million. Compared to the previous day, the liquidation amount has increased significantly.

From the liquidation heatmap, we can see that the liquidation amount for #altcoins is the highest, reaching $128 million, followed by #xrp with a liquidation amount of $78.5393 million, #BTC☀ with a liquidation amount of $73.254 million, and #ETH🔥🔥🔥🔥 with a liquidation amount of $68.4335 million.

Among these, long positions accounted for $422 million in liquidations, while short positions accounted for $190 million, with a primary focus on long position liquidations.

After a period of rapid growth, altcoins have now experienced their first wave of retracement, and investors need to closely monitor market trends and manage risks effectively.