The cryptocurrency market witnessed contract liquidity reaching 226 million USD in the past 24 hours
In the last 24 hours, data from Coinglass has recorded a total contract liquidity value in the cryptocurrency market reaching 226 million USD. This figure reflects significant pressure in both trading directions, with 133 million USD liquidated in long positions and 92.9459 million USD in short positions.
BTC and ETH liquidity dominates the market
Bitcoin (BTC) accounts for a large portion of the total liquidity, with a value of up to 74.1591 million USD. The world's number one cryptocurrency continues to play a central role, being the focal point of market movements. Meanwhile, Ethereum (ETH) is not far behind with a total liquidation of 63.1389 million USD, demonstrating strong volatility alongside related derivative positions.
The impact of contract liquidity on trading trends
Large liquidity numbers like these often indicate a high level of volatility, a dynamic adjustment phase, or a strong reversal trend. Capturing this change helps investors optimize their risk management strategies, enhance trading efficiency by leveraging appropriately, and allocate capital effectively.
Conclusion
Strong fluctuations in contract liquidity in the cryptocurrency market not only signal risk but also open up opportunities for professional traders. Closely monitoring liquidity information is the key to making effective trading decisions and increasing profit potential in this volatile market.
Source: https://tintucbitcoin.com/xoa-hop-dong-mang-226-trieu-usd/
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