A total of $79.85 million in margin calls occurred across the entire market in 24 hours.

Total market liquidations hit $79.85 million in 24 hours, with longs accounting for 70.4%. BTC dropped 0.6%, reflecting short-term bearish sentiment.

The total liquidation amount across the entire market in 24 hours reached $79.85 million, with long positions accounting for 70.4% of this figure. The price of BTC dropped by 0.6%, putting leverage-funded accounts under significant pressure. The scale of liquidations recently peaked at $82.82 million. The fact that over 70% of long positions were subject to liquidation indicates a bearish market sentiment in the short term, raising concerns about whether the price might breakdown below its support level. If the decline in BTC’s price continues to widen, the process of deleveraging driven by leverage could accelerate further.