In the midst of recent market volatility, the crypto sector has experienced large-scale liquidations. Based on the latest data, over the last 24 hours, the total amount of liquidations reached a stunning $129 million. This number highlights the significance of risk management for investors in light of market fluctuations. In this liquidation event, short positions were the main culprit, accounting for around $98.8 million in liquidations, making up the majority of the total. This suggests that short strategies are currently at greater risk in the market. On the other hand, long positions resulted in approximately $30.1395 million in liquidations, which is relatively lower. These figures serve as a reminder to market participants that although investment opportunities may be abundant, effective risk management is one of the key factors for successful investing.