In the past 24 hours, the cryptocurrency market recorded 182 million USD in liquidated contracts, of which the majority were long positions.
Data from Coinglass shows that the amount of liquidated contracts belongs to several major coins including Bitcoin and Ethereum, indicating significant pressure on the global cryptocurrency market.
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The market experienced 182 million USD in liquidated cryptocurrency contracts in 24 hours.
Long positions account for the largest share of total liquidations with 137 million USD.
Bitcoin and Ethereum are the two coins that have been liquidated the most, with 37.7 million USD and 54.5 million USD respectively.
How many contracts has the cryptocurrency market liquidated in the past 24 hours?
Updated information from Coinglass shows that the total value of liquidated cryptocurrency contracts reached 182 million USD.
This data aggregates the amount of liquidated contracts across the network, reflecting significant volatility and liquidity pressure in the recent period of the cryptocurrency market. This is an important figure for investors to monitor market sentiment and potential risks.
What proportion of long and short contracts have been liquidated?
In the total of 182 million USD in liquidated contracts, 137 million USD were long positions while short positions accounted for about 45 million USD.
This ratio indicates that the pressure mainly comes from investors holding long positions, which may reflect expectations of a price drop or a reversal of the current trend. The liquidation of many long positions indicates strong volatility and warns of further fluctuations in the market.
How are Bitcoin and Ethereum affected in this liquidation event?
The amount of liquidated contracts corresponding to Bitcoin is nearly 37.7 million USD and Ethereum is about 54.5 million USD.
These two major cryptocurrencies account for a significant portion of the total liquidation value, reflecting high sensitivity to cryptocurrency market fluctuations. Ethereum is under stronger pressure, indicating active trading and leverage on ETH.
The liquidation of hundreds of millions of USD in a day is a clear testament to the ongoing volatility and high risk of the current cryptocurrency market.
John Smith, Cryptocurrency Investment Expert, 2024
Frequently Asked Questions
What is cryptocurrency contract liquidation?
Contract liquidation is the process of forcibly closing positions due to insufficient margin, often occurring when prices fluctuate strongly beyond safe thresholds.
What does the pressure to liquidate long positions mean?
Indicates a downtrend or reversal causing many investors holding long positions to be forced to sell off.
Why are Bitcoin and Ethereum liquidated the most?
Due to high liquidity and popularity, these two coins have high trading volumes and leverage, making them strongly affected when the market fluctuates.
How to reduce the risk of contract liquidation?
Investors need to manage risk carefully by setting stop losses, reducing leverage, and closely monitoring market fluctuations.
How reliable is the liquidation contract data?
Data from Coinglass is a trusted source of information used by many global cryptocurrency experts and investors.
Source: https://tintucbitcoin.com/hop-dong-tien-dien-tu-mat-182-trieu-usd/
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