Cryptocurrency market liquidates 203 million USD in just 24 hours
The latest data from Coinglass reveals that the total liquidation level across the cryptocurrency market reached 203 million USD in the past 24 hours. Of this, long positions accounted for 97.25 million USD, while short positions reached 106 million USD, indicating a strong divergence between investors anticipating an upward trend and those betting on a downward trend.
Liquidation of Bitcoin and Ethereum leads with enormous value
The two leading cryptocurrencies in terms of contract liquidation are still Bitcoin and Ethereum. The total liquidation value of BTC reached 41.47 million USD, clearly reflecting the strong volatility of the 'king of cryptocurrencies.' Its competitor Ethereum is not far behind with contract liquidation reaching 66.16 million USD, reflecting the heat and sensitivity of the market to price fluctuations of these two coins.
Impact on investor sentiment and trading trends
The liquidation data above shows increased pressure on high-leverage positions. Investors need to be cautious in risk management as the cryptocurrency market continues to experience severe volatility. The current market is undergoing significant shock waves, especially with financial leverage trading strategies, causing the liquidation rate to potentially rise rapidly.
Appropriate investment strategy in the context of major liquidation
In the current environment of large contract liquidation, maintaining a strong mindset and adhering to the capital management strategy is vital. Investors should carefully consider capital allocation and avoid excessive leverage, while also focusing on observing technical indicators to predict support and resistance levels on the price chart.
Contract liquidation data is always an important indicator for traders to assess selling pressure or buying push in the cryptocurrency market. With liquidation levels reaching 203 million USD in 24 hours, this clearly reflects significant volatility and the need for effective risk management during this period. Closely monitoring liquidity with futures contracts will help investors optimize profits and minimize losses in this highly volatile time.
Source: https://tintucbitcoin.com/thanh-ly-hop-dong-mang-203-trieu-usd/
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