According to the latest data from Coinglass, there was significant volatility in the cryptocurrency market within 24 hours on September 8, 2025. The liquidation volume of three cryptocurrencies, SOMI, MYX, and WLFI, exceeded that of Bit, attracting widespread attention in the market.

SOMI performed particularly well, with a price increase of over 60% within 24 hours, reaching $1.65. Its liquidation volume reached tens of thousands of dollars, primarily concentrated in the short position direction. Notably, the current contract funding rate for SOMI shows a negative value, which may indicate the complexity of market sentiment.

MYX has shown an even more astonishing increase, rising over 175% within 24 hours, with the price climbing to $3.5. Its liquidation amount reached $13 million, primarily driven by short liquidations. Unlike SOMI, MYX's contract funding rate is positive, reflecting a more optimistic expectation from investors.

Although WIFL's price increase is relatively small at only 1.5%, the liquidation situation shows that both long and short positions have incurred losses, with a total liquidation amount exceeding $200,000. Nevertheless, WIFL's contract funding rate remains positive, indicating that the market still holds a cautiously optimistic view on its future trend.

This intense market volatility once again reminds investors that the cryptocurrency market is fraught with both risks and opportunities. In the face of such a turbulent market environment, investors need to maintain a clear mind, make cautious decisions, and manage risks effectively. At the same time, this also highlights the importance of continuously monitoring market dynamics and conducting in-depth analysis of various indicators in order to better seize investment opportunities.