In the past 24 hours, the liquidation phenomenon in the global cryptocurrency market has attracted significant attention. According to data released by the well-known trading data analysis platform CoinGlass, the total liquidation amount across the market astonishingly reached $89.14 million. Among these liquidations, long positions were the predominant type, with liquidations totaling $65.89 million, compared to short positions which had liquidations of $23.25 million. Notably, Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) were particularly affected during this liquidation event, with respective liquidation amounts of $17.94 million, $21.34 million, and $4.39 million. These figures highlight the tremendous risks associated with current volatility in the cryptocurrency market and serve as a reminder for investors to exercise caution and manage their asset allocation prudently.