In the past 24 hours, the total liquidations across the entire network reached approximately $148 million, with shorts being the main victims. Among them, short positions were liquidated about $104 million, and long positions about $44.12 million. BTC was liquidated approximately $44.58 million, ETH around $20.53 million, and PEPE over $4 million. The rhythm is clear: the rebound is not strong, but it is enough to gradually squeeze out the shorts. The market doesn't need a sharp surge; just "not falling" is already very brutal.