The total value of liquidated contracts in the cryptocurrency market over the past 24 hours reached 222 million USD.
Of which, Long and Short positions were liquidated at 95.1122 million USD and 127 million USD respectively, with Bitcoin and Ethereum accounting for a total of 85.8857 million USD of this total value.
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The total liquidated contracts across the cryptocurrency market reached 222 million USD in 24 hours.
Long positions liquidated at 95.1122 million USD, Short positions liquidated at 127 million USD.
Bitcoin and Ethereum accounted for over 85 million USD in liquidated contracts.
How many contracts have been liquidated in the cryptocurrency market in the past 24 hours?
In the past 24 hours, the total value of liquidated cryptocurrency contracts across the network reached 222 million USD, including both Long and Short positions.
Data from Coinglass indicates that this level of liquidation reflects strong market volatility, with investors forced to close positions when prices fluctuate rapidly.
The large liquidation also indicates high risks in the cryptocurrency market, contributing to warning investors about effective risk management.
What is the liquidation ratio between Long and Short positions?
Short positions experienced higher liquidation at 127 million USD, compared to Long positions at 95.1122 million USD during the same period.
This discrepancy somewhat reflects increased selling pressure in the cryptocurrency market, indicating that investors betting on declining prices have to close their positions more.
Analyzing the liquidation ratio between the two positions helps investors better understand market trends as well as the psychology of traders based on real data.
How do Bitcoin and Ethereum contribute to the liquidated contracts?
Bitcoin has a total liquidation value of 22.3079 million USD, while Ethereum was liquidated at 63.5778 million USD.
The liquidation value of Ethereum is higher than Bitcoin, indicating greater volatility of ETH during this period.
Coinglass market analysis, August 2024.
The liquidation value of these two coins accounts for a large portion of the total liquidated contracts, reflecting the leading role and high sensitivity of both assets in the cryptocurrency market.
These figures also suggest that investors should closely monitor the volatility of BTC and ETH to develop appropriate risk management strategies.
What lessons should investors learn from this liquidation information?
The large total of liquidated contracts serves as a warning of significant volatility, requiring investors to enhance risk management and avoid excessive leverage.
Detailed information on liquidation helps traders gain a more realistic view of market psychology and price movements, supporting more accurate investment decisions.
In particular, tracking data from reputable entities like Coinglass enhances reliability in analysis and financial decision-making.
Frequently Asked Questions
What are liquidated contracts in the cryptocurrency market?
Liquidated contracts are trading positions that are forcibly closed when price movements exceed margin levels, causing investors to lose their staked funds.
Why are Short positions liquidated more than Long positions?
Increased selling pressure and declining price volatility can make Short positions easier to close when prices do not align with investors' predictions.
What does a high liquidation ratio of Bitcoin and Ethereum mean?
This reflects the important role and volatility of the two major coins in the market, significantly impacting the overall trend.
Where does the liquidation data come from and how reliable is it?
Data is compiled and published by Coinglass, one of the reputable platforms tracking liquidated contracts in the cryptocurrency market.
What should investors do when the market has many liquidated contracts?
It is necessary to control leverage levels, manage risks tightly, and update information on volatility to minimize financial losses.
Source: https://tintucbitcoin.com/thanh-ly-hop-dong-tien-dien-tu-222-trieu/
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