Global Liquidation Disaster (Market Crash):

Data: In the past 24 hours, the total liquidation in Xi'an was approximately $556 million (about 4 billion RMB).

Situation: Among them, long positions accounted for the majority (about $369 million), and BTC once dropped below $85,000.

Reason: Macro sentiment correction + excessive leverage, a typical 'killing the bulls' market.