Recently, I looked at the market liquidation data, and in the past 24 hours, a total of $512 million was liquidated across the entire network, with long positions accounting for the majority—$395 million, while shorts only accounted for $118 million. The ratio is quite stark.

Basically, it means that those who were long were collectively liquidated. The large number of long liquidations indicates that the previous upward trend attracted many leveraged buyers, but once the market turned, these people were forced out. This situation often suggests that selling pressure will continue to build, and there may be downward pressure in the short term.

$BTC $ETH This recent market movement indeed tests people's resolve, especially those heavily leveraged. The data clearly shows that the extent of long positions collapsing is worth paying attention to.