Whole network contract #爆仓数据 shows:

In the last 24 hours, a total of 279,300 overseas users were liquidated, with a total liquidation amount of $981 million, setting a new high for the total liquidation amount in 24 hours in recent times.

Long position liquidations amount to $827 million, short position liquidations amount to $154 million, primarily long position liquidations.

The liquidation amount for Bitcoin reached $226 million, Ethereum's liquidation amount reached $198 million, and altcoins' liquidation amount reached $184 million.

The significant increase in liquidation amounts is mainly due to the rapid decline in Bitcoin prices, which has led to a decline in the entire market's prices, resulting in a large number of long positions being liquidated, with altcoins generally experiencing larger declines. Investors need to pay attention to short-term price volatility and manage their leverage ratios properly.