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Strike Gold by Sharing Your TradFi Orders and Pictures!
Post on Gate Square and split $10,000 in rewards!
The TradFi Gold Lucky Bag is now live—1g of real gold every 10 minutes. Trade nonstop, win nonstop!
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Details: https://www.gate.com/announcements/article/47889
The crypto market has been quite brutal in the past 24 hours. According to on-chain data tracking, a total of 179,115 traders worldwide experienced liquidations, with total losses reaching $1.054 billion. Among them, long positions suffered the heaviest losses, with liquidations alone amounting to $991 million. Short positions fared somewhat better, with losses of $62.95 million. Speaking of the most devastating single event—an exchange's BTCUSDT trading pair staged a $13.52 million "liquidation show," which is considered the largest liquidation event to date. This wave of downward pressure indeed left no room for the bulls to survive.