Author: Martin
Early this morning,
the crypto asset market experienced a rare and violent shock, resulting in a large number of contract positions being forced to liquidate by the system. Relevant statistics show that the total amount of forced liquidations in the past 24 hours has reached an unprecedented scale.According to the latest statistics released by professional data tracking agency @coinglass_com, in the past 24 hours, the global crypto asset derivatives market has experienced violent fluctuations,
resulting in a large number of highly leveraged contract positions being forced to liquidate by trading platforms.
Data shows thatthe total amount of forced liquidation across the entire network caused by this market volatility reached US$19.133 billion, setting a record for the highest single-day amount in this field on record.At the same time, the number of users who experienced forced liquidation also reached a staggering 1,618,240, reflecting the wide range of this volatility.
Among them, a particularly eye-catching case occurred on the derivatives trading platform Hyperliquid (@HyperliquidX). The platform recorded a forced liquidation of a long contract position for Ethereum ($ETH), with the single forced liquidation amount reaching US$203 million. This huge single loss highlights the huge risks inherent in high-leverage trading under extreme market volatility. Market Volatility Analysis: Market analysts generally believe that the recent sharp market fluctuations are due to a combination of factors, including but not limited to: changes in macroeconomic expectations (such as the direction of Federal Reserve policy), which have impacted overall market risk appetite; the significant short-term gains of some mainstream crypto assets, which may warrant a technical correction; and tight market liquidity during specific periods. These factors combined to trigger a large-scale sell-off and contract liquidations. The cryptoasset market is known for its high volatility. This record-breaking forced liquidation event represents a concentrated release of inherent market risks, reminding us that while pursuing potential returns, risk management must be prioritized. Investors should continue to learn, improve their understanding, view market fluctuations rationally, and make sound asset allocation decisions to navigate a market fraught with uncertainty.
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