In the past 24 hours, the cryptocurrency market has witnessed over 569 million USD in contracts liquidated, with the strongest pressure focusing on Ethereum at 273 million USD.
Data from Coinglass shows long-term contract liquidations account for the majority with 401 million USD, while short positions were liquidated for about 168 million USD, reflecting volatility and balancing pressure in the cryptocurrency market.
MAIN CONTENT
In the cryptocurrency market in the past 24 hours, there were 569 million USD in contracts liquidated.
ETH accounts for the largest share of liquidation with 273 million USD.
Long position liquidation is significantly higher than short position liquidation.
What is the total value of cryptocurrency contracts liquidated in the past 24 hours?
Data from Coinglass recorded the total value of cryptocurrency contracts liquidated across the network reaching 569 million USD in the last 24 hours.
This is an important indicator reflecting sentiment and price volatility in the cryptocurrency market in the short term.
How are long and short positions liquidated during this time?
Out of the total contracts liquidated, over 401 million USD came from long positions, while short positions were liquidated for about 168 million USD.
This discrepancy shows greater pressure on investors holding long positions when cryptocurrency prices experience declines or unfavorable movements.
Significant liquidation phenomena in long positions contribute to readjusting market balance and reflect investors' cautious sentiment in the short term.
The CEO of Coinglass shared: 'Contract liquidation is a clear sign of high volatility and risks in the cryptocurrency market.'
CEO of Coinglass, August 13, 2024
How are Bitcoin and Ethereum liquidated in terms of specific contract values?
Bitcoin underwent 88.7863 million USD in contracts liquidated, while Ethereum faced much greater pressure with 273 million USD liquidated.
The liquidation position in Ethereum is three times that of Bitcoin, indicating stronger liquidity and volatility in Ethereum during this period.
This reflects the significant influence of Ethereum in the cryptocurrency market, especially in derivatives contracts and margin trading.
What is the data source and reliability of the contract liquidation figures?
Coinglass is a reputable platform for tracking cryptocurrency market data, using authentication algorithms to aggregate liquidation data from many top exchanges.
Data from Coinglass is referenced by many experts and investors in the industry to assess market trends and risks, ensuring authenticity and timeliness.
Therefore, the aforementioned contract liquidation figures have high reliability and accurately reflect the current market trends.
What factors influence the liquidation of cryptocurrency contracts?
Contract liquidation often occurs when the asset price fluctuates sharply, exceeding the margin or collateral thresholds in futures or margin contracts.
Market pressure, negative news, technical volatility, and rapid price adjustments of cryptocurrencies are common causes leading to liquidation.
Investors often have to closely monitor indicators and market conditions to minimize liquidation risks.
What are the measures to mitigate contract liquidation risks in cryptocurrency trading?
Strict risk management, using stop-loss orders, and limiting high leverage are effective methods to avoid unwanted position liquidation.
Investors need to carefully consider technical analysis, market news, and ensure they always have enough minimum margin in trading positions.
Diversifying the portfolio and applying suitable trading strategies also helps minimize the risk of capital loss due to contract liquidation.
Frequently Asked Questions
1. What is contract liquidation and why does it occur frequently in the cryptocurrency market?
Contract liquidation occurs when trading positions are automatically closed due to insufficient margin. The volatile cryptocurrency market leads to more frequent liquidations.
2. Why does Ethereum have a higher liquidation value of contracts than Bitcoin?
Ethereum has more margin transactions and active derivatives contracts, so the liquidation value is often higher than Bitcoin.
3. How can liquidation figures help investors make decisions?
Liquidation data shows market pressure and volatility risks, helping investors adjust strategies and manage risks more effectively.
4. How to monitor reliable contract liquidation figures?
Investors should use reputable platforms like Coinglass to update accurate and timely liquidation data.
5. Should we be concerned when seeing a large contract liquidation value?
The large value reflects high volatility, users need to be cautious and use risk management to protect their investments.
Source: https://tintucbitcoin.com/thanh-khoan-hop-dong-tien-dien-tu-569-trieu/
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