In the past 24 hours, the cryptocurrency market recorded a total of 311 million USD in liquidated contracts, with short liquidations dominating.
Statistical data from Coinglass updated on 19/7 shows that the liquidation amounts for Bitcoin and Ethereum are nearly 29 million and 91 million USD, respectively, reflecting strong market volatility.
MAIN CONTENT
Total contracts liquidated in the past 24 hours reached 311 million USD.
Liquidation of short orders dominates with 238 million USD.
Ethereum faces the highest liquidation at 91.158 million USD.
What is the overview of contract liquidation in the cryptocurrency market over the past 24 hours?
According to accurate data from Coinglass, the total value of liquidated cryptocurrency contracts in the past 24 hours was 311 million USD. This figure reflects the high volatility and risks currently occurring in the cryptocurrency market, especially in the context of many short orders being triggered for liquidation.
How is the liquidation distribution between long and short orders?
Data shows that out of a total of 311 million USD in liquidated contracts, 72.703 million USD came from long orders, while the remaining 238 million USD belonged to short orders. This indicates that short-term selling pressure (short) is prevailing, causing many traders to incur losses when the market experiences a downturn or sudden recovery.
How do Bitcoin and Ethereum contribute to the total liquidation of contracts?
The report indicates that the total amount of contracts liquidated for Bitcoin is 28.9645 million USD, while Ethereum accounts for up to 91.1581 million USD. This data demonstrates that Ethereum is currently the coin facing the most liquidation pressure due to its liquidity and higher volatility compared to other large coins.
The large liquidation of contracts in a short time warns investors to control risk and closely monitor market fluctuations to avoid significant losses.
Nguyen Minh Tuan, cryptocurrency market analyst, 7/2024
How does contract liquidation affect market sentiment and trends in the cryptocurrency market?
Large liquidation events often accompany significant price volatility, creating a psychological leverage effect within the trading community. Inexperienced investors may easily fall into panic or FOMO, leading to unwise buying and selling decisions. Experts recommend focusing on risk management and choosing investment strategies that align with market volatility.
Large liquidations are a sign that accurately reflects market conditions; savvy investors will utilize this data to adjust their trading plans more wisely.
Tran Hai Dang, CEO of cryptocurrency exchange, 6/2024
Comparison table of BTC and ETH contract liquidations in the past 24 hours
Coin Summary of Liquidated Contracts (million USD) Key Features Bitcoin 28.9645 More stable, influenced by overall market sentiment. Ethereum 91.1581 Highly volatile, large liquidity leads to more liquidations.
Frequently Asked Questions
What is contract liquidation in the cryptocurrency market?
Contract liquidation occurs when the margin in the wallet is insufficient, and the contract is automatically closed. This reduces risk for the exchange and reflects significant volatility.
Why is short liquidation higher than long liquidation in the data?
High short liquidation occurs when prices rise or fluctuate sharply, forcing sell positions to close early, reflecting positive or unexpected price movements.
Why is Ethereum often liquidated more than Bitcoin?
Ethereum has high liquidity and greater volatility, along with many derivative contracts, causing liquidations to often occur on a larger scale than Bitcoin.
What should investors pay attention to in order to avoid unfavorable contract liquidations?
It is essential to manage risk tightly, use leverage wisely, and closely monitor price movements to adjust positions in a timely manner, limiting the risk of liquidation.
Can contract liquidation data help forecast market trends?
Yes, the level of liquidation reflects supply-demand pressure and sentiment, helping investors assess price movement trends and adjust strategies.
Source: https://tintucbitcoin.com/thanh-ly-hop-dong-crypto-311-trieu-usd/
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