In the past 24 hours, the cryptocurrency market recorded a total contract liquidity value of up to 354 million USD.
This figure includes 129 million USD in liquidity from long positions and 225 million USD from short positions, with Bitcoin and Ethereum accounting for the majority of total liquidity.
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The cryptocurrency market liquidated a total of 354 million USD in contracts in 24 hours.
Long liquidity accounts for 129 million USD, while short liquidity is 225 million USD.
Bitcoin and Ethereum have the highest contract liquidity values, at 60 and 128 million USD, respectively.
How much total value of contracts has the cryptocurrency market liquidated in the past 24 hours?
Data from Coinglass published on August 5 shows that the total value of cryptocurrency contracts liquidated in 24 hours reached 354 million USD.
Among them, long positions account for a smaller portion with 129 million USD, while short positions are higher, reaching 225 million USD. This discrepancy reflects market trends and the trading strategies of investors in the short term.
What is the liquidity proportion of Bitcoin and Ethereum?
In total contract liquidity, Bitcoin accounts for approximately 60.04 million USD, while Ethereum holds a stronger position with 128 million USD.
The large liquidity of ETH indicates volatility and strong trading activity on the Ethereum network, while Bitcoin maintains its appeal as the leading cryptocurrency.
With contract liquidity reaching hundreds of millions of USD each day, the cryptocurrency market continues to show high volatility and requires tighter risk management from investors.
Cryptocurrency market analysis expert, August 2024
What does contract liquidity reflect about market trends?
High contract liquidity, especially large short positions, indicates cautious sentiment or expectations of short-term price corrections in the cryptocurrency market.
Investors often use these positions to protect assets against strong price fluctuations while also taking advantage of price discrepancies in the short term to seek profits.
Frequently asked questions
What is contract liquidity?
Contract liquidity is the amount of money in futures or options positions that are closed or liquidated due to significant price fluctuations in the cryptocurrency market.
Why do short positions account for a higher proportion?
A high number of short positions indicates that investors predict the market will decrease or want to hedge against short-term risks.
What impact does large contract liquidity of Bitcoin and Ethereum have on prices?
High liquidity often means high price volatility and can lead to significant price corrections in the market.
Where is the contract liquidity information updated?
Contract liquidity data is provided by market tracking platforms such as Coinglass and many other analysis sites.
What should investors do when large contract liquidations occur?
Investors need to enhance risk management, adjust trading strategies, and avoid putting all capital into high-risk positions.
Source: https://tintucbitcoin.com/thanh-ly-hop-dong-mang-354-trieu-usd/
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