### Crypto Market Sees Another Wave of Liquidations#

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Overview

The crypto market has recently seen another wave of liquidations, with total liquidations across all contracts reaching $285 million in the past 24 hours. Ethereum (ETH) led the liquidations with $58.5 million, accounting for 20.51% of the total liquidations, primarily due to short positions being liquidated. An hour prior, Bitcoin (BTC) also experienced a wave of liquidations, with total liquidations across all contracts reaching $15.05 million, primarily due to long positions being liquidated, totaling $7.11 million, or 47.27% of the total liquidations. This indicates that the crypto market is experiencing significant volatility, and investors need to operate cautiously and manage their risk.

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Analysis

The crypto market has seen another wave of liquidations recently. Data shows that the total amount of liquidations across all contracts in the past 24 hours reached $285 million, with $190 million in short liquidations and $58.5 million in Ethereum liquidations, accounting for 20.51%. In the previous hour, the total amount of liquidations across all contracts was $15.05 million, with $14.01 million in long liquidations and $7.11 million in Bitcoin liquidations, accounting for 47.27%. This indicates that the crypto market has been experiencing significant volatility lately, with both bears and bulls facing substantial risks. Notably, the emergence of liquidations is closely related to market trends. For instance, the recent surge in Ethereum prices led to some short liquidations, while the slight rise in Bitcoin prices resulted in some long liquidations. Therefore, investors should exercise caution and control risks when engaging in contract trading to avoid liquidations.

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Classic Views

Cryptocurrency market crash mainly concentrated in contract trading area

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Recently crash mainly in short position

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But also some long positions

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Crash is closely related to market volatility

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Large price fluctuations can lead to crash

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Crash reminds investors to pay attention to risk control and operate cautiously

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