According to CoinMeta, in the past hour, as Bitcoin corrected back to $77,000, approximately $477 million in long positions in cryptocurrencies were liquidated in the market. Bitcoin has risen by nearly 30% over the past five days, once reaching $79,500 and hitting the highest overbought level since November 2024. Subsequently, there was a sharp correction, resulting in the liquidation of a total of $54.7 billion in crypto assets.