The entire market experienced $120 million in margin calls within 24 hours.

Total 24h margin calls hit $120M, with shorts accounting for 65%. The short-dominated structure raises risks of short-term rallies due to concentrated short covering.

The total amount of margin calls across the entire market in 24 hours reached $120 million, with short sellers accounting for 65.0% and long sellers accounting for 35.0%. The current market exhibits a clear short-dominated structure, indicating that short-selling forces are in the lead, long sellers face significant selling pressure, and sentiment driven by leverage is pessimistic. Given that the proportion of short sellers significantly exceeds 65.0%, attention should be paid to the risk of a short-term price rally resulting from concentrated closing of short positions.