LIGHT Contract Liquidation Wave Hits, Over $7.6 Million Lost in 4 Hours

On the morning of December 22, Bitlight Labs (LIGHT) experienced a rapid decline, with the token price dropping to around $1 at one point. It is currently trading at $1.12, recording a 69.54% drop in the past 24 hours. Most alarmingly, within just 4 hours, the total liquidation amount across the entire contract market reached $7.64 million, setting an industry record for the highest liquidation amount in a single time frame.

**The Cost of Falling from a High Place**

Behind this decline is a blood-stained ledger of countless contract investors. Data from Coinglass shows that LIGHT's liquidation scale is beyond imagination, leading all other cryptocurrencies in liquidation rankings during the same period. This means a large number of investors were forcibly liquidated during this drop, suffering heavy losses.

**Market Situation Is Worrying**

As of the latest data, LIGHT's current price has fallen to $0.47, further down from previous levels. The 24-hour trading volume is only $1.31 million, indicating a clear lack of market liquidity. Such a situation is not good news for any holders—prices continue to be under pressure, trading volume remains sluggish, and a stampede-like decline could easily occur.

**Risk Warning**

This event serves as a reminder that leverage in contract trading can both amplify gains and wipe out principal in an instant. LIGHT's experience is a vivid example: market volatility is far beyond most people's expectations. For investors participating in contract trading, risk management should always come first.