#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 long positions accounting for $459 million. The main liquidated asset 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 long positions accounting for $21.84 million, of which ETH liquidation amount was $7.7 million, accounting for 29.09% of the total liquidation amount. The main reason for this liquidation event may be market sentiment fluctuations, leading to a sharp decline in prices and forced liquidation of long positions. It is worth noting that the liquidation data is for reference only, and the actual situation may vary. Investors should operate cautiously, control risks, and avoid excessive leverage.