According to the latest data from the cryptocurrency data analysis platform Coinglass, bulls in Ethereum (ETH) have experienced huge losses in the past 24 hours, amounting to $58,578,400, making Ethereum surpass Bitcoin (BTC) in terms of losses for bulls. In comparison, the losses for Bitcoin's bulls were around $45,069,200. At the same time, there was a massive liquidation event across the global cryptocurrency market, with the total liquidation amount reaching $244 million, involving more than 99,000 people. These figures reflect the volatility and risk levels in the current cryptocurrency market.