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On May 9, according to data from Coinglass, the cryptocurrency market witnessed liquidations of contracts with a total value of $1.118 billion in the past 24 hours. Of this, $351 million was for long positions, and $767 million was for short positions. Notably, the total liquidation value of Bitcoin (BTC) reached $307 million, while Ethereum (ETH) was $439 million.
This significant liquidation reflects the strong volatility of the market, highlighting the importance of risk management in trading. This is market information and not investment advice. Investors should carefully consider before making decisions.
Follow reputable information sources to navigate through the volatile phases of the cryptocurrency market.
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Source: https://tintucbitcoin.com/thanh-ly-hop-dong-1118-ty-usd-song-lon-cho-lenh-short/
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