What exactly happened in the crypto market over the past hour? According to the latest data from Coinglass, the total liquidation across the entire network has surpassed $85,578,500, with short positions liquidated at $68,090,000 and long positions at $18,080,000. $BTC alone saw $52,330,000 in liquidations, and $ETH experienced $17,630,000.

The market volatility is so intense due to several key factors. On one hand, a liquidation cascade caused by long positions being wiped out; on the other hand, profit-taking by shorts is also contributing to the turbulence. Such a rapid shift in capital flow indicates that market participants have significant disagreements about the future trend.

The current question is—Is this a bottom signal or a sign of further decline? Some see this as a buying opportunity, while others remain cautious about potential risks. What’s your view? The next phase of the market may hinge on whether subsequent trading volume can effectively absorb the movement. Share your thoughts in the comments.