In the recent trading cycle, the cryptocurrency market underwent significant fluctuations, leading to a total of $179 million in liquidations across the network. This period particularly targeted long positions, with liquidation amounts totaling $142 million. In contrast, losses from short positions amounted to only $37.89 million. This phenomenon reflects the substantial shifts in market sentiment within a short time frame, which significantly impacted investors' psychological states. Specifically, the liquidation scenarios for individual cryptocurrencies, notably Bitcoin (BTC) and Ethereum (ETH), were particularly striking. BTC experienced liquidations of $3.429 million, while ETH's liquidation amount reached $5.632 million. This underscores the volatility and risks involved with major cryptocurrencies in the current market environment.