A large number of long positions in crypto assets have been destroyed, with over 1.51 million people globally getting liquidated in the past 24 hours, and the total liquidation amount rising to $13.512 billion.

Among them, long positions Get Liquidated amounted to 12.145 billion USD, while short positions Get Liquidated amounted to 1.367 billion USD.
Although Bitcoin appears to have a small decline, altcoins are once again bleeding heavily, with mainstream currencies like XRP and DOGE experiencing flash crashes, dropping over 50% in a short period before recovering. Avax fell to a low of below 9, and Sui dropped to a low of 0.55, nearly a 90% decline!