Yesterday can be called a "difficult day" for leverage traders—the total liquidations across the entire network in the past 24 hours reached $341 million. Among them, longs were wiped out by $275 million, while shorts only lost $66.74 million, a gap that is enough to indicate the market direction.

Specifically, Bitcoin longs were liquidated for $65.91 million, and Ethereum longs were hit even harder, with $43.65 million liquidated. The total long liquidation for the two main cryptocurrencies exceeded $100 million. In comparison, the short liquidations were relatively moderate—Bitcoin shorts at $22.16 million, and Ethereum shorts at $14.45 million.

The most shocking figure is the number of liquidations: 128,016 people were forcibly liquidated within 24 hours. The largest single liquidation occurred on Hyperliquid's PUMP-USD trading pair, with a single wipeout of $11.14 million. Such a scale of single liquidation is relatively rare in exchange data.