From on-chain data, the cryptocurrency market has experienced intense volatility in the past 24 hours. According to Coinglass statistics, the total liquidation volume across the entire network has reached $108 million, including $67.438 million in long positions and $40.7996 million in short positions.

Specifically, for mainstream coins—Bitcoin—long liquidations amounted to $10.2925 million, and short liquidations to $4.6556 million; for Ethereum, the situation is even worse, with long liquidations reaching $22.4935 million and short liquidations at $4.3411 million. Looking at these numbers, it’s clear that longs suffered greater losses.

What’s even more noteworthy is the level of participation. In just 24 hours, a total of 82,838 people worldwide experienced liquidations. Among them, the most "tragic" single liquidation occurred on the Ethereum trading pair of a major exchange, with a liquidation amount as high as $2.8831 million. The market sentiment volatility is evident from these figures.