Things have been really intense in the market lately! I just checked, and Bitcoin has surged past $77k, while Ethereum is hovering around $23k. But behind this rally, there's a grim situation—it's said that the total liquidation amount across the entire network in 24 hours reached $580 million, with over 170k people being liquidated, and some individual losses even exceeding ten million dollars.

Seeing these liquidation numbers, I really have to remind everyone that with such volatile market swings, when trading derivatives, you must control your leverage carefully. I saw that in one exchange, someone was liquidated directly on a BTC contract, suffering heavy losses. That’s why I’m now especially cautious about high leverage.

The more the price surges, the more liquidations there are. That’s just how the market works—opportunities and risks often go hand in hand. If you're involved in contract trading, you really need to set proper stop-losses to prevent a single market move from destroying your entire account.