2026-01-20 04:22:18

What happened in the crypto market in the past day? The perpetual futures meat grinder is working overtime again.

Data shows that the total forced liquidation amount in the past 24 hours reached $48 million. It seems that many people's leverage dreams have been shattered here.

Specifically, Ethereum's liquidation was the most severe—$27.07 million. Among this, long positions were hit the hardest, accounting for over 83%. In other words, leveraged longs bullish on ETH were the main victims of this round of liquidations.

Bitcoin's liquidation amount was $14.59 million, a slightly better situation, with long positions making up 65%. At least it wasn't a one-sided situation like Ethereum.

Interestingly, DUSK had a liquidation amount of $6.48 million, but this time the opposite happened—shorts were hit harder, accounting for nearly 66%. It seems that those shorting DUSK got burned in this market move.

Perpetual futures always teach people to respect the risks.

ETH-4,4%

BTC-1,92%

DUSK-3,17%

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memecoin_therapy

· 9h ago

Another day, another batch of people liquidated. Perpetual futures are really a money-consuming beast.

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LiquiditySurfer

· 10h ago

$48 million evaporated, another round of retail investors getting slaughtered... ETH longs cut by 83%, this is the cost of liquidity depth that traditional finance doesn't have. --- Leverage dreams shattered on the scene, perpetual futures are truly the best risk education classroom. --- DUSK short positions were explosively reversed, the market is so unpredictable... Sometimes surfing hits the rocks, there's nothing more to say. --- $27.07 million cut from ETH longs, it seems someone couldn't hold on again... This meat grinder rhythm, tsk tsk. --- Perpetuals are really incredible, $48 million can disappear in a day, respecting the market is not just talk. --- Longs cleared by 83%, probably entered without understanding the market-making principles... --- DUSK's reverse explosion of short positions is quite interesting... the market never lacks stories of reversal.

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