#Over $100 million in crypto liquidations#

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Overview

Recent margin calls in the crypto market are severe. In the past 24 hours alone, total liquidated contract positions reached $121 million, with long positions accounting for a staggering $92.64 million. In the past hour, total liquidated contract positions amounted to $10.41 million, with long positions making up $10.31 million. This indicates that recent market volatility has been extreme, resulting in significant losses for investors engaged in contract trading, particularly those holding long positions.

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Analysis

Recent crypto market crashes have been frequent. According to the latest data, the total amount of liquidated contracts across the entire network reached $121 million in the past 24 hours, with long positions accounting for $92.64 million, representing 76.5% of the total. Just in the past hour, the total amount of liquidated contracts reached $10.41 million, with $10.31 million of that coming from long positions, representing 99.04% of the total. This indicates a pessimistic market sentiment, with weak bullish power leading to a large number of long positions being forcibly liquidated. Among these, BTC accounted for $27.57 million and $2.29 million in liquidation amounts respectively, representing 22.72% and 22.02% of the total, making it the primary cryptocurrency affected by liquidations. This could be related to the recent significant price fluctuations of BTC and the uncertainty surrounding its future market trajectory. It is important to note that these data are for reference only and may not reflect the actual situation.

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Cryptocurrency market liquidation is dominated by long positions, with BTC accounting for a significant proportion of the liquidated amount. The liquidated amount has increased sharply in a short period of time, the market is volatile, and the risk is high.

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