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Yesterday was a truly fierce day in the market—the total liquidation amount across the entire network soared to $82.47 million, with the bearish forces clearly overpowering the bulls. In total, long positions were liquidated for $27.16 million, while short positions were liquidated for $55.30 million. This difference alone demonstrates what a "one-sided market" looks like.
Looking at mainstream coins, Bitcoin long positions were liquidated for $2.53 million, but short liquidations were even more aggressive, reaching $21.79 million. Ethereum was relatively balanced, with long positions liquidated for $4.17 million and short positions for $7.24 million.
The most intense was Hyperliquid—an open short position on BTC-USD was directly blown up for over $5.53 million, liquidating 62,567 traders in one go. Such scale truly reminds people of those "astonishing moments."