According to ChainCatcher, according to Coinglass data, the cryptocurrency market has experienced a large-scale contract liquidation in the past 24 hours, with a total amount of US$522 million. Among them, the liquidation amount of long orders was as high as US$450 million, while the liquidation amount of short orders was US$72.7049 million. Specifically, the liquidation amount of BTC was US$139 million and the liquidation amount of ETH was US$109 million.

This liquidation incident once again reminds us that the volatility of the cryptocurrency market is still very high. Whether it is long or short, investors need to be cautious and control risks reasonably. The market is changing rapidly, and staying calm and rational is the key. 📉💼