The market has started to act unruly again.

According to the market data from a leading exchange, ETH has lost the 2900 USDT support level, with the latest price at 2898.79 USDT, down 3.29% in the last 24 hours. BTC is also showing weakness, breaking below 89000 USDT, currently quoted at 88512.79 USDT, with a daily decline of 2.61%.

More brutal data has arrived - Coinglass monitoring shows that in just the past hour, the total market liquidation scale reached an astonishing $249 million! Among them, long positions were almost completely wiped out, with a liquidation amount reaching $247 million, while short positions only faced liquidations of $2.27 million.

This sudden drop caught the bulls off guard.

ETH2.53%

BTC3.31%

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PerennialLeek

· 12-01 01:03

Here we go again, it's always like this, playing people for suckers with us retail investors, short positions are making a killing.

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Liquidated_Larry

· 12-01 01:02

249 million Get Liquidated, once again my comrades are at the bottom.

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GrayscaleArbitrageur

· 12-01 00:56

Here we go again, 247 million long positions directly gone, I just want to know if anyone has managed to buy the dip and ended up losing everything.

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OldLeekConfession

· 12-01 00:42

249 million Get Liquidated, another massacre of long positions, this wave is really ruthless. --- Here it comes again, it always plays like this, there's really no way to guard against it. --- I said it, leverage players have to pay tuition again, as it should be. --- 2.47 billion in one hour? This market is really inhumane. --- All long positions are dead, while short positions only lost 2.22 million, what a difference. --- After falling below 89k, is there anyone still daring to go long? Truly brave warriors. --- No matter how unprincipled it is, this wave is indeed a win for the short positions. --- Another wave of Get Liquidated, when will it ever calm down? --- Looking at this data, I just want to lie flat now.

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