Cryptocurrency blowout exceeds $271 million

The recent cryptocurrency circle burst frequently, according to the data show that in the last 24 hours, the total amount of the whole network contract burst amounted to as much as 271 million U.S. dollars, of which 185 million U.S. dollars in the long single burst, accounting for 68.27% of the total amount of the burst. And nearly 1 hour, the whole network contract total burst amount also reached 10.53 million U.S. dollars, long single burst 7.55 million U.S. dollars, accounting for 71.72% of the total burst amount. This means that, in the recent market volatility, a large number of investors in the bullish market to open positions to do more, but due to the reversal of the market trend, resulting in the long was forced to close the position, and ultimately burst the position. Among them, Bitcoin has the highest proportion of the amount of burst positions, the amount of burst positions in the last 24 hours reached $59.83 million, accounting for 22.01% of the total amount of burst positions, and the amount of burst positions in the last 1 hour reached $2.32 million, accounting for 22.06% of the total amount of burst positions. This shows that bitcoin, as the leading cryptocurrency, its price fluctuations have a huge impact on the market, and investors need to operate with caution, avoid excessive leverage, and control risk.