In the past 24 hours, the entire network's contracts have exploded to $172 million, with long positions at $94.54 million and short positions at $77.69 million, a typical long and short double kill. $BTC and $ETH both have significant liquidation volumes, indicating that this move is not a one-sided push, but rather a repeated unwinding of leverage in high volatility. Don't rush to chase the trend in the short term; first see if the market can regain its rhythm and bring the momentum back to spot trading.