#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 83.17% of the total liquidation amount. Among them, BTC liquidation amounted to $125 million, accounting for 22.77% of the total liquidation amount, while ETH liquidation reached $7.7 million, accounting for 29.09% of the total liquidation amount. This indicates that the cryptocurrency market has experienced significant volatility recently, with long positions suffering heavy losses, and market sentiment is rather pessimistic. This liquidation event mainly concentrated on mainstream cryptocurrencies like BTC and ETH, which is closely related to the overall market trend recently. Due to concerns about the macroeconomic outlook and regulatory policies, as well as some negative news in the cryptocurrency market recently, market sentiment has been low, leading to significant price fluctuations and ultimately triggering large-scale liquidations.