The liquidation amount in the cryptocurrency market reached 1.7 billion USD in the past 24 hours, setting the highest record since 2021.

This morning, the cryptocurrency market experienced a massive sell-off, with a total liquidation amount of 1.71 billion USD in the last 24 hours. Among this, the liquidation amount for long positions was 1.55 billion USD, while the liquidation amount for short positions was only 168 million USD. Additionally, the number of liquidated individuals reached an astonishing 570,000.

Washed very clean, healthy correction?