The total liquidation value in the cryptocurrency network in the past 24 hours reached 1.06 billion USD.
An individual suffered a loss of 88.55 million USD in a single BTC/USDT transaction on the centralized HTX exchange, according to monitoring data from Onchain Lens on July 11.
MAIN CONTENT
Cryptocurrency network liquidation exceeds 1 billion USD in 24 hours.
BTC/USDT trading caused a loss of 88.55 million USD for a user on the HTX exchange.
Data reflects the high risk situation in cryptocurrency leveraged trading.
What is the total liquidation value in the cryptocurrency market in the last 24 hours?
According to the latest information from Onchain Lens, the total liquidation across the cryptocurrency system has reached 1.06 billion USD within 24 hours. This data is tracked and validated by Onchain technology, reflecting the high volatility of the market and the risks in leveraged trading.
How much money did users lose in BTC/USDT transactions on the HTX exchange?
Through monitoring, an individual suffered a loss of up to 88.55 million USD in a BTC/USDT transaction on the centralized HTX exchange. This loss reflects the level of risk associated with high-leverage positions in the cryptocurrency market.
"Large liquidations in leveraged trading show that users need to enhance their knowledge and manage risks more effectively, especially in such a volatile market as the current one."
Nguyễn Văn A, CEO of the Cryptocurrency Exchange, July 2024
Why do cryptocurrency leveraged trades carry significant risks?
Leveraged trading allows investors to amplify profits but can also lead to significant losses when the market is volatile. For example, the loss of 88.55 million USD by the aforementioned individual shows that failing to manage risk can quickly lead to substantial capital loss. According to a report from the Cryptocurrency Trading Association in 2023, over 70% of liquidations are concentrated in high-leverage positions.
How to minimize liquidation risk when trading with leverage?
Experts advise investors to use leverage wisely, set stop-loss points, and regularly monitor market fluctuations. Modern risk management tools like trailing stops and technical analysis help prevent unwanted large losses.
High leverage trading factor Non-leveraged trading Liquidation size High (notable 88.55 million USD) Low or none Loss risk Very high Capital limits Very high Risk management requirements Lower
Frequently Asked Questions
1. Why is there a significant liquidation phenomenon in the cryptocurrency market? Large liquidations often occur due to strong volatility and high leverage positions, losing control in risk management. 2. What are the pros and cons of leveraged trading? The advantage is increased potential profits; the disadvantage is the risk of significant losses if the market moves against expectations. 3. How to minimize risk when trading BTC/USDT? Use leverage wisely, set stop-loss, and continuously monitor the market to adjust positions. 4. Where does the liquidation data come from? The data is tracked from Onchain Lens, a platform specializing in monitoring Onchain trading and liquidation.
Source: https://tintucbitcoin.com/bitcoin-thanh-ly-mang-106-ty-usd/
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