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.