🚨 The market has suffered a terrifying double-head sweep with more than $720 million being liquidated? $ETH has suffered heavy losses more than $BTC

The unpredictable fluctuations in the past 24 hours have turned the market into a real meat grinder, as the total liquidation value exploded to alarming numbers.

🔷 Data recorded a total of $721.72 Million USD was liquidated across the market in just 24 hours.

- The number of victims is an astonishing 157,575 suffering heavy losses.

- An ETH-USD order worth up to $38.81 Million USD has become the largest sacrificial item in this sweep.

🔶 The surprising thing is that ETH is the asset causing the largest losses, not BTC:

- ETH: Leading the liquidation leaderboard with $297.92 Million USD evaporated.

- BTC: Following with $211.02 Million USD.

- $SOL : In third place with $47.62 Million USD.

The fact that ETH was liquidated more than BTC shows panic or excessive leverage is concentrated in this ecosystem.

🔷 The time chart shows the brutal reality of Market Makers:

- In the past 24 hours: The Long side suffered the heaviest losses with $463.77 Million USD being liquidated due to the previous price crash.

- In the last 4 hours: The wind has shifted! As the market slightly recovered, the Short side became the main victim with $94.64 Million USD being liquidated.

The market is in a period of extreme volatility to shake off high leverage positions.

With both Long and Short being punished, investors should limit the use of Margin at this time until the trend is clearer.

This article is for reference only and should not be considered investment advice. Please read and consider carefully before making any decisions.