According to the latest data, the cryptocurrency market witnessed significant margin contract liquidations spanning 12 hours, amounting to $135 million. In this liquidation event, long positions were the main driver, with a total liquidation volume of $122 million, while short positions had a liquidation volume of $13.4371 million. The liquidation total for Bitcoin (BTC) was $33.7805 million, and for Ethereum (ETH), it was $30.8531 million. This event reflects an intensification of market volatility and changes in investor risk awareness.