The contract market in the past day has been a "bloodbath." According to market data, the total liquidation amount across the entire network within 24 hours reached $72,198,900. Among them, longs were liquidated for $21,283,500, and shorts were not spared either, with $50,915,400 being liquidated.

Looking closely at the main cryptocurrencies: Bitcoin longs were liquidated for $3,588,100, and shorts for $3,066,600, indicating slightly more pressure on the longs. Ethereum is even more interesting: short liquidations reached $5,767,100, far exceeding the $2,141,200 in long liquidations, showing that those betting against the market were hit even harder.

During this day, a total of 51,647 traders worldwide were forcibly liquidated. The most outrageous incident was on a leading exchange's BTCUSDT trading pair, where a single liquidation order worth $2,405,600 occurred—highlighting how sudden this loss was.