#Bitcoin Long Liquidation#

Recent Bitcoin long liquidation phenomenon has been quite severe. Data shows that the total liquidation amount of contracts across the entire network has reached $121 million in the past 24 hours, of which long liquidation accounts for $92.64 million, representing 76.57% of the total liquidation amount. In the past hour, the total liquidation amount of contracts across the entire network has also reached $10.41 million, of which long liquidation accounts for $10.31 million, representing 99.04% of the total liquidation amount. This indicates that the market sentiment has been pessimistic recently, with weak bullish momentum, leading to a large number of long liquidations. The specific reason may be that the market is uncertain about the future price trend of Bitcoin, leading to panic selling by investors, triggering a chain reaction and ultimately leading to long liquidation. It should be noted that the above data is for reference only and the actual situation may vary.