#Crypto market sees over $100 million in liquidations.#

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Overview

The recent cryptocurrency market has seen a significant number of liquidations, with a total of $121 million in liquidations across all contracts in the past 24 hours. Of this, $92.64 million was due to long positions being liquidated, with the majority occurring on BTC contracts, totaling $27.57 million. In the past hour alone, total liquidations reached $10.41 million, with $10.31 million coming from long positions and $2.29 million from BTC liquidations. This indicates significant market volatility, and investors should exercise caution and manage their risk accordingly.

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Analysis

Recent cryptocurrency market has witnessed frequent liquidation events. According to the latest data, the total liquidation amount across all exchanges in the past 24 hours reached $121 million, with long positions accounting for $92.64 million, representing 76.5% of the total liquidation amount. In the past hour alone, the total liquidation amount across all exchanges reached $10.41 million, with long positions accounting for $10.31 million, representing 99.04% of the total liquidation amount. This indicates that the market has been experiencing significant volatility, and bullish sentiment is relatively cautious, leading to a large number of long position liquidations. Among them, BTC liquidation amounts were $27.57 million and $2.29 million respectively, accounting for 22.72% and 22.02% of the total liquidation amount, highlighting the significant volatility in the BTC market, and investors should exercise caution in their operations. It should be noted that the above data is for reference only, and actual conditions may vary.

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Coin market crash mainly concentrated in long positions, BTC crash ratio is high, crash amount is huge, the past 24 hours crash amount exceeds 100 million USD, coin price fluctuates violently, leading to frequent crash events

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