I especially like volatility, but a friend sent me this message

I think, without volatility, there is no profit

Recently, the market has been quite volatile, and the liquidation data over the past 24 hours is pretty heartbreaking. According to statistics, the total liquidation amount across the entire network reached $296 million, with $239 million wiped out from short positions and $56.47 million from long positions.

Specifically, for mainstream cryptocurrencies, Bitcoin saw long position losses of $13.8379 million, and shorts were wiped out by $58.5083 million. Ethereum's situation is similar, with long positions liquidated at $8.8442 million, and shorts even worse—$86.5836 million.

What’s even more heartbreaking is that nearly 100,000 people were liquidated yesterday (99,003). The largest single liquidation occurred on the Hyperliquid platform’s ETH-USD trading pair, with a direct liquidation of $18.7528 million. The market is so volatile that whether you're chasing longs or shorting, you need to be cautious.