Recently, the crypto world has been anything but calm. The total liquidation amount across the entire network has directly surged to $252 million, making the scene quite brutal.

Let's take a look at the specific numbers of this "massacre." The long positions suffered the heaviest losses—$145 million worth of positions were wiped out in just one day, averaging nearly $6 million evaporating every hour. In contrast, the shorts only faced $36.82 million in liquidations, directly benefiting from a market rally. By comparison, long players are like being repeatedly rubbed into the ground.

Turning to the performance of mainstream coins, the two giants, Bitcoin and Ethereum, were not spared—BTC alone was liquidated for $61.38 million, and Ethereum was even more severe, with $58.95 million in positions wiped out. These two top cryptocurrencies account for the majority of total liquidations, while other coins are relatively insignificant in comparison.

Crypto enthusiasts' comments are also quite heartbreaking. Some say they opened their accounts to find their balances had suddenly lost a zero, while others complain that the longs lost so much they even lost their underwear. This is a true reflection of the crypto market—an instant market change can turn accounts from green to red. One second, they’re dreaming of profits; the next, they’re being harvested. The market’s volatility is vividly demonstrated in extreme conditions.