In the past 24 hours, the cryptocurrency market has experienced a sharp decline, with bulls suffering heavy losses.

A total of $193 million was liquidated across the entire network, including $124 million in long positions, accounting for over 64%; short positions were liquidated approximately $69.26 million, making longs the hardest-hit during this round of liquidations.

BTC Bitcoin long positions were liquidated for $40.3 million,
ETH Ethereum long positions were liquidated for $31.31 million,
The two major mainstream cryptocurrencies' contracts have become a slaughterhouse for longs.

Over 67,281 traders worldwide were liquidated, with the largest single liquidation occurring on the Hyperliquid platform, where a $6.51 million CL-USD long position was wiped out.

In a volatile environment with both bullish and bearish forces, chasing high prices and using high leverage are the biggest hidden dangers.
In extreme market fluctuations, properly managing positions and reducing leverage are far more critical than predicting the direction of price movement.

Investing involves risks, and leveraged trading carries extremely high risks.
Strict risk control and protecting the principal are the keys to long-term success. $BTC $ETH $SOL