The total value of liquidated cryptocurrency contracts in the past 24 hours reached 383 million USD, with the majority being long positions.
Data shows that the cryptocurrency market witnessed significant liquidations, with Ethereum accounting for the majority of the value, while Bitcoin was much lower compared to the total liquidation amount.
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Over 383 million USD of cryptocurrency contracts were liquidated in 24 hours.
Liquidated long positions accounted for up to 295 million USD, overwhelming short positions.
Ethereum was liquidated for about 223 million USD, while Bitcoin was around 33 million USD.
How much contract value was liquidated in the cryptocurrency market in the past 24 hours?
The data updated from Coinglass reports that the total amount of liquidated contracts across the cryptocurrency network reached 383 million USD within 24 hours.
This result shows significant volatility in the market and strong pressure on investment positions, especially in futures contracts or margin trading.
Which positions have been most liquidated in the cryptocurrency market recently?
Of the total 383 million USD liquidated, approximately 295 million USD came from long positions, while short positions only accounted for 87.38 million USD.
This reflects a downward price trend or technical pressures causing investors holding long positions to be forced liquidated more. This is also an important indicator of market sentiment and action in the short term.
How are Bitcoin and Ethereum liquidated in the cryptocurrency market?
Ethereum was liquidated for up to 223 million USD, much higher than Bitcoin's approximately 33 million USD during the same period.
This discrepancy reflects that Ethereum is a highly pressured asset from margin trading or recent derivative contracts, while Bitcoin is relatively more stable or less pressured by liquidations.
The cryptocurrency market is undergoing a massive liquidation, especially in Ethereum futures contracts, indicating high levels of risk and strong volatility.
Market analysis, Coinglass, August 2023
What factors lead to high liquidation levels in the cryptocurrency market?
Liquidation of contracts mainly occurs due to strong price volatility or technical events affecting the ability to maintain margin positions.
The liquidation level of 383 million USD in 24 hours reflects a strong price decline or a situation of mass stop-loss, which often occurs when the market loses upward momentum or enters a deep correction phase.
How do contract liquidations affect sentiment and trends in the cryptocurrency market?
Large liquidations often have a strong impact on investor sentiment, triggering subsequent volatility waves or temporary price trend changes.
The overwhelming liquidation of long positions suggests that the market may be in a correction or strong regression phase after previous hot rallies.
Frequently Asked Questions
What is cryptocurrency contract liquidation?
Contract liquidation occurs when investors do not have enough margin to maintain their positions, leading to automatic contract closures to limit further losses.
What is the difference between long and short positions in the contract market?
A long position bets on price increases, while a short position bets on price decreases. Liquidations of long positions usually occur when prices drop quickly.
Why is Ethereum liquidated more than Bitcoin?
Ethereum often has higher leverage and richer liquidity in derivative markets, leading to a larger number of liquidations when market volatility increases.
How do contract liquidations affect cryptocurrency prices?
Mass liquidations create strong selling pressure, which can lead to short-term price declines due to supply exceeding demand in the market.
How to mitigate risks when trading cryptocurrency contracts?
Investors need to manage risk by using reasonable leverage, cutting losses promptly, and monitoring market volatility regularly.
Source: https://tintucbitcoin.com/thanh-khoan-hop-dong-tien-dien-tu-giam/
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