🔥 Gate Square Event: #PostToWinNIGHT 🔥
Post anything related to NIGHT to join!
Market outlook, project thoughts, research takeaways, user experience — all count.
📅 Event Duration: Dec 10 08:00 - Dec 21 16:00 UTC
📌 How to Participate
1️⃣ Post on Gate Square (text, analysis, opinions, or image posts are all valid)
2️⃣ Add the hashtag #PostToWinNIGHT or #发帖赢代币NIGHT
🏆 Rewards (Total: 1,000 NIGHT)
🥇 Top 1: 200 NIGHT
🥈 Top 4: 100 NIGHT each
🥉 Top 10: 40 NIGHT each
📄 Notes
Content must be original (no plagiarism or repetitive spam)
Winners must complete Gate Square identity verification
Gat
Yesterday's liquidation wave: Long positions severely hit, $55 million wiped out in 1 hour
【BlockBeats】Market turbulence is here again. According to on-chain data, in the past hour, the total liquidation volume across the network reached $55.71 million. Among them, long positions were hit the hardest—$55.03 million worth of longs were directly liquidated, while shorts also incurred losses, but only $670,000 were liquidated.
This wave of market movement clearly shows that longs suffered significant losses. After all, over $55 million compared to $670,000—that’s a huge gap. When market sentiment suddenly reverses, leverage traders often react too slowly, and those who haven’t set proper stop-losses are immediately forced out.
For traders, such market volatility tests risk management. Without good risk control, large liquidations can happen in minutes.