Recently, the volatility in the crypto market has once again captured attention. According to the latest report by the renowned cryptocurrency data analysis platform Coinglass, should the price of Bitcoin surpass the critical point of $71,000, major cryptocurrency exchanges will be faced with a total risk of $558 million in liquidating short contract positions. This means that investors holding Bitcoin short contracts must promptly cover the difference, otherwise they will face financial losses. Furthermore, if the price of Bitcoin were to fall to $67,000, these exchanges would then face a $1.229 billion risk from long contract liquidations. These figures not only reveal the potential risks in the market but also remind investors to exercise caution when engaging in crypto trading and manage risks prudently. The complexity and high volatility of the crypto market mean that every price fluctuation can lead to significant impacts. For investors, understanding and mastering the basics of contract trading, as well as how to handle risks under different market conditions, is crucial. This data highlights how the dynamic balance between longs and shorts affects the clearing situation of contract holdings for exchanges and offers investors a window into understanding market dynamics.