#Over $500 million liquidated in the crypto market.#

There has been a large-scale liquidation in the cryptocurrency market recently. Data shows that the total liquidation amount across all contracts in the past 24 hours reached $552 million, with $459 million in long positions liquidated, accounting for over 80%. The main liquidated cryptocurrency was BTC, with a liquidation amount of $125 million, accounting for 22.77% of the total liquidation amount. In addition, the total liquidation amount across all contracts in the past hour also reached $26.47 million, with $21.84 million in long positions liquidated, accounting for over 80%, of which ETH liquidation amounted to $7.7 million, accounting for 29.09% of the total liquidation amount. The main reason for this liquidation event is the large market fluctuations, which have led to losses for some investors in contract trading, ultimately forcing them to liquidate. It is worth noting that liquidation events are not isolated incidents but rather a natural consequence of market fluctuations. Investors should invest rationally, control risks, avoid excessive leverage operations, and reduce the risk of liquidation.