In the past 24 hours, the total contract liquidations across the entire network reached $377 million, with both longs and shorts being wiped out, indicating that the market pace has accelerated. The liquidation amounts for $BTC and $ETH are also significant. Usually, this is not the most comfortable stage for a one-sided trend; it's more a time when chasing gains and cutting losses both get hurt. In the short term, it's best to first observe whether the volatility is converging before discussing the direction.

BTC-2.07%
ETH-3.8%
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