#ETH forwarded, congratulations on the global crypto world getting liquidated as the coin price is falling. The sudden drop in coin price has triggered a wave of liquidations in the global crypto world, and the market's panic sentiment is spreading.

In the ongoing storm of the cryptocurrency market's decline, a massive wave of Get Liquidated is sweeping across the global crypto world, with countless investors' accounts being instantly wiped out amid market fluctuations, and the once digital asset bubble is bursting at this moment.

From Bitcoin falling below a key support level with a daily drop of over 8%, to Ethereum losing a whole number threshold with a market value evaporating by over $10 billion in 24 hours, the consecutive falls of mainstream coins resemble a domino effect, triggering a chain of liquidations in the contract market. According to Coinglass data, in the past 24 hours, the global cryptocurrency market has seen liquidation amounts exceed $2.8 billion, with over 120,000 investors becoming "leeks". Among them, the single largest liquidation order came from Bitcoin perpetual contracts, amounting to a staggering $120 million, the severity comparable to the 2022 Luna crash incident.

The impact of this liquidation wave goes far beyond this. In the field of small-cap coins, dozens of Meme coins and air coins have seen their prices halved, with some coins even falling from $0.001 to almost zero within a few hours. Countless retail investors who jumped in at high prices couldn't stop their losses in time, leaving their account balances as just a string of meaningless numbers. On social media platforms, screenshots of liquidations shared by investors are everywhere—some have mortgaged their homes to enter the market, now facing debts of millions; others borrowed and leveraged to follow the trend, ultimately losing everything. Panic selling and despair continue to ferment in the crypto world.

In fact, this wave of Get Liquidated is not accidental. Multiple factors such as the tightening of the global macro economy, increased regulatory policies, and the withdrawal of institutional funds have long buried hidden dangers in the market. When the coin price falls below the psychological defense line and stop-loss points of most investors, the automated liquidation mechanism of programmatic trading further amplifies the decline, forming a vicious cycle of "falling - Get Liquidated - further falling." For the crypto world at this moment, this wave of Get Liquidated serves as a warning against blind speculation and exposes the high-risk nature of the cryptocurrency market once again to the sun.