币界网报道：Bitcoin experienced a significant liquidation imbalance of $1.53 billion within just four hours, according to recent market data. The abrupt price movement triggered massive liquidations across major crypto exchanges, with long positions accounting for the majority of the wipeout. Analysts attribute the volatility to a combination of macroeconomic uncertainty, shifting investor sentiment, and leveraged trading positions being forcibly closed. The rapid sell-off also impacted altcoins, with Ethereum and other major cryptocurrencies seeing double-digit percentage drops. Market observers note that such extreme liquidation events often precede periods of heightened volatility, as traders reposition their portfolios. Derivatives data indicates open interest dropped sharply during the move, suggesting widespread deleveraging. Some institutional players reportedly used the price dip to accumulate Bitcoin at lower levels, while retail traders faced margin calls. The event highlights the risks of high leverage in crypto markets, particularly during periods of thin liquidity. Technical analysts are watching key support levels to gauge whether this represents a short-term correction or the start of a more sustained downtrend.