In the recent 4-hour period, the volatility in the cryptocurrency market has once again garnered attention, with the total amount of liquidations reaching a new observation record of $30,091,400. In this liquidation event, long positions were the main victims, resulting in a total loss of $27,811,100. This indicates that investors still face significant risks in the current market environment. It is worth noting that such market fluctuations require higher standards for asset management and risk control strategies from investors. As the cryptocurrency market continues to develop and regulatory environments change, market participants need to closely monitor market dynamics to effectively address potential risks.