In the past 24 hours, the cryptocurrency market has witnessed a large outflow of liquidated contracts, with a total value reaching $176 million. Of this amount, $136 million comes from long buy orders, while short sell orders recorded $40.1312 million. This strong volatility has led to $107 million in liquidations for Bitcoin and $18.5997 million for Ethereum. The article below will analyze this situation in detail, helping you better understand the factors influencing the current cryptocurrency value and guide you on how to respond effectively.
The overall situation of the cryptocurrency market
The cryptocurrency market is always highly volatile, which drives rapid changes in investment activity. In the past 24 hours, the total liquidation value reaching $176 million is a clear testament to the stress in this market.
Liquidation events not only affect individual currencies but also reflect the general sentiment of investors. Worries and doubts can lead to risky investment decisions, thereby increasing the volume of liquidation transactions.
Additionally, the increase in liquidations also indicates potential risks in using high leverage. Every investment decision needs to be considered carefully to avoid unnecessary losses.
Details on the liquidated contracts
Of the total $176 million in liquidations, long buy orders amounting to $136 million account for the majority. This often occurs during strong corrections, when asset values drop significantly, prompting the closure of buy orders to limit losses.
Meanwhile, short sell orders valued at $40.1312 million also indicate that many investors believe in the potential decline of cryptocurrencies; they have actively closed positions to optimize profits from this investment.
The large liquidations from both buy and sell orders indicate chaos in market sentiment, which is necessary for experienced investors to be more aware of the risks ahead.
The impact of Bitcoin and Ethereum
Bitcoin, the most popular cryptocurrency, accounted for up to $107 million of the total liquidation amount. The strength and influence of Bitcoin continue to be strong in the market, but its value can be affected by changes in investment sentiment and news from the global market.
Ethereum, the second-ranked currency, also recorded $18.5997 million in liquidations. Network issues and updates also play an important role in Ethereum's price trends. The fluctuations of Ethereum often have a pronounced impact on other currencies in the cryptocurrency ecosystem.
Both of these currencies are central to the market, so a small change in their value can trigger significant ripple effects across the entire cryptocurrency market.
Conclusion and response measures
The liquidation situation clearly reflects the difficulties that investors are facing in the volatile cryptocurrency environment. To mitigate risks, thorough market analysis and building a reasonable investment strategy are essential.
Investors should closely monitor the fluctuations of Bitcoin and Ethereum, as well as signals from the market. This helps to make more accurate investment decisions and minimize potential risks.
Finally, solid preparation and knowledge in cryptocurrency investing will help you better cope with any situation, thereby strengthening your position in a challenging market like today.
Source: https://tintucbitcoin.com/huy-hop-dong-24-gio-176-trieu-usd/
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