In the past 24 hours, the total amount of liquidations in the cryptocurrency market exceeded $1.9 billion.

Coinglass data shows that within 24 hours, the total liquidation of cryptocurrency contracts exceeded $1.9 billion, with a total of 403,000 people being liquidated. Analysts point out that the recent decline in cryptocurrency prices is mainly due to a new wave of risk aversion and selling pressure on technology stocks. Currently, the cryptocurrency market has entered a state of extreme panic. Cryptocurrencies are often seen by investors as a barometer of risk appetite, and this sharp decline indicates that market sentiment has deteriorated sharply.