Cryptocurrency market: Information on contract liquidations in the past 24 hours
Overview of contract liquidations in the cryptocurrency market
In the past 24 hours, the cryptocurrency market recorded a total liquidation value of contracts reaching 214 million USD. Of this, long orders accounted for up to 146 million USD, reflecting the level of profit-taking and strategic status adjustments by investors. Conversely, short liquidations reached 67.61 million USD, indicating a cautious mentality or expectations of a significant downward correction spreading. This information from Coinglass data provides a clear perspective on volatility trends and shifts in investor psychology.
Analyzing liquidations by major cryptocurrency type
Bitcoin (BTC) and Ethereum (ETH) – The main players in liquidations
Among popular cryptocurrencies, Bitcoin (BTC) was liquidated with a total value of 52.46 million USD. This reflects polarization in investor strategy regarding the correction or predicting strong market volatility for BTC. Meanwhile, Ethereum (ETH) was also quite active with a total liquidation amount of 70.07 million USD. This principle demonstrates intense volatility, especially during trading sessions with strong fluctuations of the ETH/USD or ETH/BTC pairs.
The impact of liquidations on market psychology
Liquidating millions of USD in contract orders can lead to sudden price volatility, creating temporary downward or upward price pressure. Investors need to pay attention to these milestones as they reflect defensive psychology or expectations from the market. Large contract liquidations can signal a variety of trends, including downward corrections or positive recoveries in upcoming sessions.
The impact of this data on cryptocurrency investment strategies
Capturing data on contract liquidations helps individual and institutional traders orient their trading strategies. Understanding the highlights in major liquidations will help predict short-term support and resistance levels. At the same time, it can identify appropriate times to enter or exit positions, minimizing the risk of asset loss in the volatile cryptocurrency market.
Conclusion
Information on the summary of contract liquidations in the past 24 hours is key to providing timely alerts, helping investors better understand the buying and selling forces, as well as the current market trends. Knowing the days with significant liquidations helps predict strong price fluctuations, thereby managing investment portfolios more effectively. These signals not only reflect temporary psychology but also serve as strategic indicators for future decisions.
Source: https://tintucbitcoin.com/thanh-khoan-hop-dong-khai-thac-24h-dat-214-trieu-usd/
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