🚨 THE RED MARKET VS OVER 285 MILLION DOLLARS VAPORIZED - LONG TRADERS RUSHING IN THE LAST 4 HOURS

A tumultuous trading day as the selling pressure unexpectedly returned, wiping out hundreds of millions of dollars from leveraged traders.

Data shows that the Long side is the main victim of this sudden price crash.

🔷 The statistics from the last 24 hours paint a bleak picture:

- Total liquidations: $285.68 Million USD has been wiped out from the market.

- A total of 119,405 traders have been liquidated.

🔶 The most notable point is not in the 24h number, but in the liquidation speed in the recent hours:

- 1h Rekt: Total liquidations of $64.32M. Among them, the Long side suffered a loss of $60.05M, while the Short side only lost a mere $4.27M. This disparity shows that the market just experienced a very strong and rapid crash.

- 4h Rekt: Total liquidations of $128.59M, with the Long side accounting for $113.44M.

Most Long positions were liquidated due to attempts to catch the bottom too early without confirmation of a reversal, leading to continuous Stoploss sweeps.

🔷 It's not surprising that large-cap coins hold the highest market share, but there are also appearances of some emerging names:

$BTC : Leading with $117.19 Million USD liquidated.

$ETH : Second place with $59.00 Million USD.

$BERA : A noteworthy name making the top 3 with $15.51 Million USD liquidated. This reflects the extremely high volatility of BERA after the recent hot increases.

The market is in a Kill Long phase. With nearly 290 million dollars vaporized and selling pressure overwhelming in the 1H-4H frame, investors should limit the use of high leverage and absolutely avoid catching falling knives until the market finds a balance point.