The total amount of liquidations for ETH in 24 hours reached $110 million, with long positions accounting for 19.0% and short positions accounting for 81.0%. The current market is dominated by extreme bearish sentiment, indicating that a large number of leveraged long holders were trapped as BTC surged, leading to extremely pessimistic market attitudes. Given that short positions make up as much as 81.0% and the total liquidations exceed $110 million, it is necessary to watch whether short position closures will trigger further price fluctuations. Recent news: Bitcoin broke through $75,000, experiencing a 20% rally over four days; a whale deposited 10,900 ETH, potentially earning $4.817 million; DEXs now account for over 19.5%: A battle for pricing power in the CEX spot market during a downturn.