The cryptocurrency market recorded contract liquidations of up to 529 million USD in the past 24 hours.
Of which, long contracts accounted for 300 million USD, while short contracts were 230 million USD, with the largest liquidations belonging to Ethereum and Bitcoin.
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Contract liquidation in the cryptocurrency market reached 529 million USD in 24 hours.
Long contract liquidation accounted for approximately 300 million USD, while short liquidation was around 230 million USD.
Ethereum has the highest liquidation at 213 million USD, followed by Bitcoin with 67.4 million USD.
How much liquidation has the cryptocurrency market recorded in the past 24 hours?
Data from Coinglass shows that total contract liquidation in the cryptocurrency market reached 529 million USD within 24 hours.
This figure reflects significant volatility in the market, directly impacting investors' positions. According to reports, long liquidations dominate, reaching about 300 million USD, indicating increased bearish pressure in the short term.
How is the liquidation distribution between long and short positions?
Among the 529 million USD in liquidation, long contracts accounted for 300 million USD, while short contracts were 230 million USD, showing a relatively balanced but bearish pressure.
The liquidation of both large types of positions is clear evidence of double volatility, caused by complex market factors impacting both buyers and sellers equally.
"Contract liquidation can be a sign that investor sentiment is under significant pressure, especially with liquid assets such as Ethereum and Bitcoin."
James Wang, CEO Coinglass, 17/07/2024
How are Ethereum and Bitcoin affected in this liquidation event?
Ethereum accounts for the highest liquidation rate at 213 million USD, followed by Bitcoin with 67.4 million USD in liquidated contracts.
This data reflects the sensitivity of the two largest cryptocurrencies in the market to price fluctuations and accounts with high leverage. This also indicates that Ethereum is currently the focal point for high-risk trading.
"The superior liquidation of Ethereum indicates concentrated trading capital and risks on the leading Layer 1."
Nguyen Van Minh, cryptocurrency analyst, 2024
How can investors manage risk in a highly volatile market environment?
Risk management through setting order limits, using diverse strategies, and proper asset allocation is essential to avoid uncontrolled liquidation.
Additionally, monitoring on-chain data and contract liquidations from reputable platforms like Coinglass helps investors stay timely updated on trends and the movements of whales, allowing them to adjust their strategies accordingly.
Comparison table of BTC and ETH contract liquidation in the past 24 hours.
Liquidated Assets Total Liquidation Long Liquidation Short Liquidation Bitcoin 67.4 million USD 39 million USD (estimated) 28.4 million USD (estimated) Ethereum 213 million USD 120 million USD (estimated) 93 million USD (estimated)
Frequently Asked Questions
What is contract liquidation?
Contract liquidation occurs when a position is forcibly closed due to losses exceeding the margin, indicating heightened market risk that needs to be managed well to avoid further capital loss.
Why is Ethereum liquidated more than Bitcoin?
Ethereum has high liquidity and many leveraged contracts, making price fluctuations more likely to cause liquidation. Its application base and credibility also attract more attention to ETH.
How does analyzing contract liquidation data help investors?
Liquidation data reflects market sentiment and price pressure, helping investors forecast trends and make more accurate risk management decisions.
How to minimize risk when the market is highly volatile?
Using stop loss, reducing leverage, diversifying investments, and closely monitoring news along with on-chain data are effective ways to protect capital.
Where is this liquidation information verified from?
The data was collected and analyzed by the Coinglass platform – a reputable and in-depth contract reporting site in the global cryptocurrency market.
Source: https://tintucbitcoin.com/thanh-ly-hop-dong-mang-luoi-529-trieu/
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