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Yesterday's market was truly intense. According to on-chain data, the total liquidation amount across the entire network in the past 24 hours reached $75,931,900, with longs directly exploding through $52,184,800 and shorts also not faring well, being liquidated for $23,747,100.
Specifically for mainstream coins, both longs and shorts suffered losses—longs were liquidated for $1,583,500, and shorts for $1,439,600. Ethereum was hit hard, with longs liquidated for $3,680,100, while shorts only liquidated for $836,500, clearly showing that the bulls took a heavy hit.
The most astonishing part is that in just 24 hours, 56,676 people were liquidated. The largest single liquidation occurred on a major exchange's 1000PEPEUSDT contract, valued at $936,600, which directly caused a big loss for someone. Market volatility is so fierce; everyone still needs to manage their leverage carefully.