[Bloomberg: Bitcoin Sees 13 $500 Million Liquidations in One Year, Leveraged Trading Stampedes Becoming More Frequent] According to Bloomberg, large-scale liquidations in the Bitcoin market are becoming more frequent. Data shows that in the past year, there have been 13 instances of Bitcoin liquidations exceeding $500 million in a single day, including three exceeding $1 billion. In the latest round of sell-offs, the 24-hour liquidation of long positions in the crypto market reached approximately $1.3 billion, with Bitcoin positions accounting for the majority. Industry insiders point out that large-scale liquidations have become more frequent in the past 12 months than before. High-leverage trading and macroeconomic news shocks have exacerbated market position stampedes. Derivatives trading has become the norm in the crypto market, and low liquidity before the start of the European trading session easily triggers a chain reaction of stop-loss orders.