Altcoin massacre! $ALT explodes and breaks through $350,000, $ETH goes against the trend and attracts capital as a safe haven

In just 4 hours, the amount of margin calls for single orders reached $82,775,000, compared to multi-orders at $44,828,000, accounting for nearly 65%. This data indicates that the market has experienced a short-term short seller squeeze, causing the short holders to accelerate their rebound.

From the heat map of long and short $ETH, the $ALT contract had a margin call amount of $352,800 within 1 hour, while $ETH's margin call was concentrated in the short positions (liquidation amount $254,500), showing a significant contrast. $ETH has the main rebound momentum, and the excessive concentration of short positions may cause short orders to be covered, temporarily redirecting funds to the mainstream safe haven asset ETH.

The margin call for single orders over 12 hours reached $43,829,700. Although 24-hour data is still dominated by multi-order liquidation, accounting for 82.9%, after shortening to 4-hour, 1-hour short-term K-line charts, we observed a significant increase in the liquidation amount of single orders, indicating that the rebound triggered a large number of short stop-losses.