In the past day, the crypto market has once again been filled with wails.
Coinglass data shows that the total liquidation amount across the network has reached 553 million USD, with long positions being the biggest victims of this wave of decline—long liquidations amounted to 481 million USD, while short liquidations reached 72.54 million USD. The long-to-short ratio clearly indicates that the bulls were caught off guard.
Specifically regarding the cryptocurrency: Bitcoin long positions were liquidated for 141 million USD, while short positions were liquidated for 14.8 million USD; Ethereum long positions were liquidated for 123 million USD, and short positions were liquidated for 18.56 million USD. The loss ratio for ETH bulls is even worse.
Even more exaggerated is that 192,728 people were liquidated globally within 24 hours. The most tragic case occurred in the ETH/USDC trading pair of a major exchange, with a single liquidation worth 14.48 million dollars.
In this market trend, leveraged players have basically been harvested clean.
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AirdropGrandpa
· 16h ago
It's another familiar harvesting day, and this time the traders were really taken advantage of thoroughly.
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190,000 people exited, that number makes my scalp tingle, I said not to play with leverage and still did.
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A single liquidation of 14.48 million, how much does this guy believe in himself, haha.
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Long positions were hit hard for over 500 million, while short orders only got liquidated for 70 million, this market is just not friendly to long positions.
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Seeing this data, I'm just glad I didn't open leverage, it's nice to be hoarding coins comfortably.
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Another round of harvesting, this time it's the long positions that got hit, previously the short positions also suffered a lot.
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192,728 people exited in one day, how many people on average per second? I dare not calculate.
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ETH long positions are losing even harder than BTC, why is my little coin so unlucky?
View OriginalReply0
LightningAllInHero
· 16h ago
Here it comes again, the long positions still haven't learned to stop loss
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190,000 people are out, this time they really got played for suckers...
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A single transaction of 14.48 million got liquidated, I was directly stunned
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Leverage is a gambler's paradise, should have stayed away long ago
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550 million disappeared in one day, how many people have to eat dirt?
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Why are long positions always getting harvested, are short positions that smart?
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ETH's loss ratio is even worse? I said long ago not to go all in
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192,728 people went bankrupt in one day, this data is a bit scary
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Leverage players deserve it, enough said, I'm going to buy the dip
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What exactly is the reason for this wave of decline, can't anyone explain it clearly?
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Looking at the liquidation data, I’m thankful I didn’t open leverage
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Long positions caught off guard? That means institutions are harvesting retail investors
View OriginalReply0
ChainBrain
· 16h ago
Here we go again, the leveraged traders have been taken down again, losing 14.48 million in one go is really tragic.
View OriginalReply0
ColdWalletAnxiety
· 16h ago
Here we go again, this time it's a bloodbath for long positions, with 14.48 million evaporated directly. How do we play this?
View OriginalReply0
DAOplomacy
· 16h ago
ngl the liquidation cascade here screams poor incentive alignment... 192k rekt in 24h? arguably the market's liquidity infrastructure has some non-trivial structural fragilities we should probably discuss more seriously
$555.3 million liquidated across the entire network in 24 hours, 190,000 people out, long positions were wiped out.
In the past day, the crypto market has once again been filled with wails.
Coinglass data shows that the total liquidation amount across the network has reached 553 million USD, with long positions being the biggest victims of this wave of decline—long liquidations amounted to 481 million USD, while short liquidations reached 72.54 million USD. The long-to-short ratio clearly indicates that the bulls were caught off guard.
Specifically regarding the cryptocurrency: Bitcoin long positions were liquidated for 141 million USD, while short positions were liquidated for 14.8 million USD; Ethereum long positions were liquidated for 123 million USD, and short positions were liquidated for 18.56 million USD. The loss ratio for ETH bulls is even worse.
Even more exaggerated is that 192,728 people were liquidated globally within 24 hours. The most tragic case occurred in the ETH/USDC trading pair of a major exchange, with a single liquidation worth 14.48 million dollars.
In this market trend, leveraged players have basically been harvested clean.