#ETH, BTC perpetual contract liquidation exceeds one million#

Recently, the ETH and BTC perpetual contract markets have witnessed massive liquidations, attracting market attention. Reports indicate that ETH perpetual contract liquidation orders reached a staggering 9.14 million, while BTC perpetual contract liquidation orders hit 5.14 million. These massive liquidation orders are typically manipulated by major players, displayed as horizontal lines on the candlestick chart, where thicker lines represent larger order sizes, and longer lines indicate longer order durations. The actions of these major players could have a significant impact on price movements, hence the need for close monitoring. Currently, market analysts are closely observing these liquidation orders, attempting to decipher their underlying logic. Some analysts believe these orders might signal impending significant market volatility, while others argue that they are merely strategic maneuvers by major players, with no substantial impact on the market. Regardless, these massive liquidation orders serve as a reminder to investors that market risks persist and cautious trading is essential.