#Cryptocurrency liquidation exceeds $285 million#

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Overview

The cryptocurrency market has seen significant volatility recently, leading to a large number of liquidations. According to data, the total liquidation amount across all exchanges in the past 24 hours reached $285 million, with $190 million coming from short positions. In the past hour alone, the total liquidation amount across all exchanges reached $56.69 million, with $52.29 million coming from short positions. This indicates a bullish market sentiment, with short sellers taking a significant hit. Notably, Bitcoin and Ethereum witnessed liquidations of $15.29 million and $58.50 million, respectively, accounting for 26.96% and 20.51% of the total liquidations.

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Analysis

The cryptocurrency market has experienced significant volatility recently, leading to a large number of liquidations. According to data, the total liquidation amount across all exchanges in the past 24 hours reached $285 million, with $190 million in short liquidations, accounting for 66.67% of the total. In the past hour, the total liquidation amount across all exchanges reached $56.69 million, with $52.29 million in short liquidations, accounting for 92.24% of the total. This means that short sellers have suffered significant losses in the recent market fluctuations. Bitcoin and Ethereum are the main currencies affected by liquidations, with $15.29 million and $58.50 million in liquidations, respectively. This indicates that market sentiment remains bullish, but also reminds investors that the cryptocurrency market is highly volatile and requires cautious operation and risk control.

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Cryptocurrency market volatility is intense, leading to a large number of liquidations

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The recent market uptrend has resulted in mainly short liquidations

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BTC and ETH are the main cryptocurrencies for liquidations

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Liquidation data is for reference only and does not represent future market trends

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