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Recent 24-hour liquidation data reveals a lot. The total liquidation amount in the BTC futures market surged to $18.592 million, with short traders suffering more—short positions liquidated at $12.368 million, while longs only at $6.224 million. What does this indicate? Short sellers are getting cut more harshly.
Even more shocking is the short-term data. The 1-hour chart shows $5.794 million in liquidations, doubling to $9.186 million in the 4-hour cycle, clearly reflecting how volatile the market has been. A total of 73,963 traders worldwide have been forced out, and a major exchange even experienced a single liquidation order of $3.0281 million worth of ETH.
Honestly, this is the true picture of leveraged trading. The current crypto market is extremely risky, especially with high leverage strategies. If you are still trading futures, be sure to strictly control your positions and execute stop-losses rigorously, or you might be the next one to get liquidated.