Last night, the cryptocurrency market experienced a significant pullback, and the scale of liquidations has drawn attention. According to statistics, the total amount of liquidations across the network in the past 24 hours reached $477 million, with long positions under the most pressure—the long liquidation amounted to $351 million, while in contrast, the short liquidation was $125 million.

Among mainstream cryptocurrencies, the liquidation scale of $BTC reached $170 million, followed closely by $ETH with a liquidation of $150 million, both leading assets showing significant long position liquidations. Other mainstream coins like $BNB and $LUNA were also affected.

Is this round of adjustment a normal technical pullback, or a deeper market signal? In the short term, longs need to be wary of risks and manage their positions wisely. What are your thoughts on the future direction? Feel free to share your analytical insights in the comment section. $BTC $ETH $BNB