Recent market volatility has intensified, with the Bitcoin price surging and then falling back below the key support level of $61,000, causing tension in the cryptocurrency market. Under such market conditions, the liquidations across the network have significantly increased to $41.18 million within the past hour, marking substantial economic losses for both long and short positions during this price fluctuation. Specifically, the amount of long liquidations reached $20.32 million, while short liquidations amounted to $19.98 million. This not only reflects the risk awareness and decision-making efficiency of market participants but also reveals the impact of current market volatility on investor psychology.