The hourly liquidation scale of #BTC资金流动性 exceeded $BEAT and $ETH—this data is indeed a bit outrageous. What does it reflect? Firstly, it reflects the accumulation of trading heat, and secondly, the concentrated release of leverage risk.

It seems that retail investors have indeed a high level of participation in this cryptocurrency, but high participation often corresponds to high risk. Coins with a large amount of Get Liquidated often have limited liquidity depth, and large liquidations can easily trigger a chain reaction. The fact that so many positions were swept in a short period indicates that there are issues with the market's capacity and risk management.

This may also be a reminder to traders: chasing high leverage and hot coins may seem like opportunities everywhere, but in reality, there are undercurrents. Coins with insufficient trading depth often experience more severe volatility, and it is also more difficult to manage stop-loss distances.