【Block Rhythm】The market has started to play people for suckers again. In the last 12 hours, the total liquidation across the network was 407 million USD, with long positions getting liquidated for 359 million, and short positions only getting liquidated for 48.38 million.
Looking at it over a 24-hour period, it's even more brutal—159,000 people globally were swept out of the market, with total liquidations reaching 580 million USD.
The most ruthless deal? BTC contracts on Hyperliquid, a single liquidation of nearly 30 million dollars. In this wave of market movement, the long positions clearly bet on the wrong direction, and those who opened too high leverage have basically become fuel.
Contracts are really not something everyone can afford to play with.