The summary of contract liquidation data in the cryptocurrency market over the past 24 hours shows a liquidation level of nearly 927 million USD, evenly distributed between long and short positions.
Detailed data shows that liquidations of Bitcoin and Ethereum account for a large portion of this total, reaching 173 million USD and 259 million USD, reflecting significant market volatility.
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The cryptocurrency market recorded nearly 927 million USD in contracts liquidated in the past 24 hours.
Liquidation of long (Long) and short (Short) positions is nearly balanced with 462 million USD and 465 million USD.
Bitcoin and Ethereum account for a large share of liquidations, with 173 million USD and 259 million USD.
How much has the cryptocurrency market been liquidated in contracts in the past 24 hours?
The latest data from Coinglass shows that the total value of contracts liquidated in the cryptocurrency market in the past 24 hours reached 927 million USD, including both long and short positions.
Liquidation at a scale of nearly 1 billion USD in a day is a sign of significant volatility, directly affecting investor sentiment and their risk management strategies.
How is the liquidation ratio between long and short positions distributed?
Data shows that liquidations between Long and Short positions are nearly equivalent, with 462 million USD for long positions and 465 million USD for short positions, reflecting balanced pressure from both directions in the market.
This balance reflects the volatility and unpredictability of the cryptocurrency market, as whales and professional traders continuously adjust their positions to take advantage of price fluctuations.
What is the importance of Bitcoin and Ethereum in total contract liquidations?
Bitcoin and Ethereum are the two leading cryptocurrencies that account for a large share of the total contract liquidations, reaching 173 million USD and 259 million USD, respectively, according to Coinglass statistics.
This is clear evidence of the central role of Bitcoin and Ethereum for the health and general trend of the cryptocurrency market.
Quote from Blockchain market analysts, 2024
The large amount of contract liquidations on these two coins indicates that investors are focusing on risk or protecting assets on leading Tokens, while also reflecting strong price volatility.
Frequently asked questions about contract liquidation in the cryptocurrency market
1. What is contract liquidation in cryptocurrency?
Contract liquidation occurs when the holder of a position does not have enough margin to maintain the order, leading to an automatic closing of the position to limit risk for the exchange and the investor; this is an important mechanism in maintaining market stability.
2. How does contract liquidation affect cryptocurrency prices?
Large liquidations often cause strong volatility, pushing prices up or down suddenly due to large buy or sell flows being triggered, increasing market instability and volatility.
3. Why are Bitcoin and Ethereum liquidated the most?
These two coins have the largest market capitalization and high trading volumes, so positions related to them are also large, leading to significant liquidations when the market fluctuates.
4. How to limit contract liquidation?
Investors should apply reasonable risk management, use moderate leverage, and closely monitor price fluctuations to adjust positions in a timely manner, minimizing the risk of liquidation.
5. Is the contract liquidation data accurate?
Data from reputable platforms like Coinglass is collected directly from exchanges, ensuring high accuracy and continuous updates, serving analysis and investment decision-making.
Source: https://tintucbitcoin.com/thanh-khoan-hop-dong-tien-dien-tu-khung/
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