In the past 24 hours, a wave of strong liquidations has swept through the market. According to on-chain data, over $434 million in long positions have been liquidated, reflecting a significant increase in volatility in the recent cryptocurrency market.

In the current market environment, large leverage liquidation events occur frequently, often signaling sharp price fluctuations. Such data typically indicate that market participants are rapidly adjusting their risk appetite, and many aggressive traders are forced to cut losses and exit.

For long-term holders, these liquidation events, while causing short-term volatility, also serve as a reminder to stay vigilant in risk management. The market is still searching for a new equilibrium, and the subsequent trend warrants close monitoring.