Analysis of cryptocurrency contract liquidations in the past 24 hours
Overview of the cryptocurrency contract market
In the last 24 hours, the cryptocurrency market witnessed total contract liquidations exceeding 198 million USD. This is a notable figure, reflecting the strong volatility of the market. Of this, long-term liquidations accounted for approximately 74.6222 million USD, while short-term contracts made up the majority with 123 million USD. This fluctuation indicates that investor sentiment is very sensitive and the market may experience sudden volatility.
Specific statistics on major cryptocurrencies
Among the cryptocurrencies, Bitcoin (BTC) was liquidated the most, reaching over 62.6409 million USD. Following closely is Ethereum (ETH) with a liquidation amount of about 50.3616 million USD. These figures indicate the weakness of the two major coins during periods of significant volatility, as investors rushed to exit positions to mitigate risks. The cryptocurrency market still faces many challenges, and this data serves as a warning for traders to be more cautious in their trading decisions.
The impact of liquidation data on investor sentiment
The liquidation data from the past 24 hours provides clear signals about the market's instability. Investors need to identify stronger support and resistance zones to avoid being wiped out during rapid downturns. Such large liquidations also mean increased volatility, and enhance the likelihood of short-term profit opportunities when the market adjusts positively. Long-term players need to thoroughly consider this data to devise appropriate strategies.
Conclusion
The cryptocurrency market is going through a challenging phase with total liquidations exceeding 198 million USD in 24 hours. Bitcoin and Ethereum are the two currencies that account for a large portion of the liquidations, reflecting the attractiveness and high risk of leveraged trading activities. Investors need to closely monitor developments to adjust their reactions timely, thus optimizing opportunities or minimizing risks in this highly volatile environment.
Source: https://tintucbitcoin.com/thanh-ly-ngan-han-hon-198-trieu-usd/
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