In the last 24 hours, the cryptocurrency market recorded a total liquidation value of positions reaching 222 million USD, reflecting strong volatility and balancing pressure between buying and selling orders.
MAIN CONTENT
The cryptocurrency market has a total of liquidated contracts reaching 222 million USD in the past 24 hours.
The liquidation value of Long orders is 113 million USD, while Short orders are 109 million USD.
Bitcoin and Ethereum account for a large proportion with liquidations of 65.13 million USD and 50.18 million USD, respectively.
What is the overview of liquidation positions in the cryptocurrency market in the past 24 hours?
Data from Coinglass shows that in the last 24 hours, the total number of contracts liquidated in the cryptocurrency market reached approximately 222 million USD. This figure reflects a nearly equivalent balance between Long and Short positions.
This is a sign that the market is under strong liquidity pressure, especially in a high volatility environment. According to the report, Long positions were liquidated at 113 million USD, while Short positions were liquidated at 109 million USD.
What proportion do Bitcoin and Ethereum represent in the total liquidation positions?
Bitcoin and Ethereum remain the two major cryptocurrencies most heavily affected during liquidation events. Data shows that liquidated positions on Bitcoin reached over 65 million USD, while Ethereum was around 50 million USD.
The significant contribution of these two coins reflects their leading positions in terms of market capitalization and liquidity in the global cryptocurrency market.
The cryptocurrency market has recorded strong fluctuations in recent days, leading to large-scale liquidation of positions. This reflects fierce competition between buying and selling pressures from professional investors.
Nguyễn Hữu Phước, Director of Crypto Market Analysis, 01/07/2024
Where does the data come from to ensure reliability in liquidation contract reports?
Liquidation data is compiled from the Coinglass platform, one of the reputable sources for cryptocurrency market analysis and reporting today. Coinglass provides continuously updated, transparent data that is highly regarded by industry experts.
Relying on data from Coinglass helps ensure accuracy and objectively reflect the liquidity volatility situation of the cryptocurrency market.
What is the impact of large contract liquidations on the cryptocurrency market?
Large-scale liquidations, such as 222 million USD in 24 hours, warn investors of high volatility risks and the potential for temporary price drops or strong corrections. The nearly even balance between Long and Short positions indicates that market sentiment remains uncertain.
In addition, liquidation events can also cause sudden fluctuations when multiple whale wallets or large traders are liquidated simultaneously.
Comparison table of liquidation volumes between Bitcoin and Ethereum (unit: million USD)
Cryptocurrency Liquidation Long Position Liquidation Short Position Total Liquidation Bitcoin (BTC) 33.2 31.9 65.13 Ethereum (ETH) 26.7 23.5 50.18
Frequently Asked Questions
What is cryptocurrency contract liquidation?
Liquidation of contracts occurs when positions lack sufficient collateral and are automatically closed to mitigate risks for exchanges and investors, especially in volatile markets.
Why is the number of liquidated contracts important?
This index reflects market volatility and pressure, helping investors assess risk levels and adjust trading strategies accordingly.
What impact do Bitcoin and Ethereum liquidations have?
Bitcoin and Ethereum are the two largest assets; significant liquidations can cause overall market volatility and affect investor sentiment.
How to avoid liquidation when trading cryptocurrency contracts?
Traders need to manage risks well, set reasonable stop losses, and monitor market volatility to maintain safe positions.
Where is the most reliable source of contract liquidation data?
Platforms like Coinglass specialize in tracking and reporting real-time data to accurately update the liquidation position developments in the market.
Source: https://tintucbitcoin.com/thanh-ly-hop-dong-crypto-222-trieu-usd/
Thank you for reading this article!
Please Like, Comment, and Follow TinTucBitcoin to stay updated on the latest news about the cryptocurrency market and not miss any important information!