Let's look at the data first: Data: Over the past 24 hours, liquidations across the entire network totaled $379 million, including $340 million in long positions and $38.9121 million in short positions
$BTC 24h trading volume: $1.111 billion, change: -2.25%, range: 76388.88 ~ 78378.01.
Trading volume is the most direct indicator of the significance of a news event: the more important the news, the higher the volume.