In the past 24 hours, the leverage trading volatility in the cryptocurrency market has been quite intense. According to the latest market data, the total liquidation amount across the network within 24 hours has reached approximately $6.49 million, with $2.07 million liquidated from long positions and $4.42 million from short positions.

Looking at mainstream cryptocurrencies, Bitcoin's long liquidation amount reached $3.38 million, while short liquidations totaled $2.79 million; Ethereum's situation was even more volatile, with $2.12 million in long liquidations and a staggering $5.01 million in short liquidations. This indicates a clear short-term shift in market direction, with many traders suffering losses due to leverage misjudgments.

Most alarmingly, over 50,000 traders were liquidated in just these 24 hours. The largest single liquidation order occurred on a major exchange's BTCUSDT trading pair, with an amount of around $2.4 million, demonstrating the significant volatility of the current market.