【Blockchain Rhythm】On January 14th, a certain cryptocurrency experienced a rapid surge in the market. According to trading data, this coin soared over 55% in the past 4 hours, with the 24-hour increase expanding to over 60%. The current price is $0.272, with a total market capitalization of $276 million.
Notably, this rally triggered intense volatility in the derivatives market. According to liquidation data, the liquidation volume for this coin in the past 4 hours reached as high as $1.46 million, ranking only behind Bitcoin and Ethereum for the day. Among these, short positions were liquidated for $1.2 million, indicating that short sellers suffered particularly severe losses.
This scene reflects a rapid shift in market sentiment towards this coin, with bullish forces clearly dominating in the short term, while traders chasing the high and shorting paid the price. Such rapid surges often entail a coexistence of risks and opportunities.
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Short-term violent surge exceeds 60%, $1.46 million liquidation alert
【Blockchain Rhythm】On January 14th, a certain cryptocurrency experienced a rapid surge in the market. According to trading data, this coin soared over 55% in the past 4 hours, with the 24-hour increase expanding to over 60%. The current price is $0.272, with a total market capitalization of $276 million.
Notably, this rally triggered intense volatility in the derivatives market. According to liquidation data, the liquidation volume for this coin in the past 4 hours reached as high as $1.46 million, ranking only behind Bitcoin and Ethereum for the day. Among these, short positions were liquidated for $1.2 million, indicating that short sellers suffered particularly severe losses.
This scene reflects a rapid shift in market sentiment towards this coin, with bullish forces clearly dominating in the short term, while traders chasing the high and shorting paid the price. Such rapid surges often entail a coexistence of risks and opportunities.