In the past 24 hours, the cryptocurrency market has recorded a liquidation value of up to 133 million USD across the network.
This result includes 101 million USD from long positions and 32.1821 million USD from short positions, with Bitcoin and Ethereum accounting for the majority of the liquidation value.
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Cryptocurrency liquidations in the last 24 hours reached 133 million USD.
Long positions liquidated accounted for 101 million USD.
The liquidation value of Bitcoin is 7.867 million USD, while Ethereum is 61.0386 million USD.
How have liquidations occurred in the cryptocurrency market in the past 24 hours?
According to data from Coinglass released on August 17, the total value of contracts liquidated across the cryptocurrency market in the past 24 hours reached 133 million USD.
Of that, liquidated long positions accounted for the majority with 101 million USD, while short positions were liquidated for about 32.1821 million USD. The nature of the market's strong volatility causes positions to be called for margin or closed automatically.
Notably, Bitcoin and Ethereum are the two cryptocurrencies with the largest liquidations in the period, demonstrating the influence of these two assets on the entire cryptocurrency ecosystem.
What is the liquidation value of Bitcoin and Ethereum specifically?
Bitcoin recorded a total liquidation value of about 7.867 million USD in 24 hours, much lower than Ethereum's 61.0386 million USD.
This indicates that the volatility and pressure in the market for Ethereum positions are higher due to the influence of technical factors and large cash flows.
The strong difference in liquidation values between Bitcoin and Ethereum reflects the current volatility trends and investment sentiment of cryptocurrency traders.
– Cryptocurrency Market Analyst, 2024
The high liquidation rate of Ethereum is also due to pressure from leveraged positions in the futures market, causing more liquidations compared to Bitcoin.
How does information about liquidation contracts help cryptocurrency investors make decisions?
Liquidation data reflects strong volatility, risks in the market, and helps investors grasp the level of financial pressure that positions are experiencing.
Investors can rely on this data to assess the risks when opening leveraged positions, considering the appropriate timing to avoid liquidation or choosing a reasonable capital preservation strategy.
Frequently asked questions
What is a liquidation contract?
Liquidation occurs when a trading position is closed due to a lack of margin, often due to price volatility exceeding safe thresholds.
How do long and short positions differ?
A long position is betting on a price increase, while a short position is betting on a price decrease of the cryptocurrency asset.
Why is Ethereum liquidated more than Bitcoin?
Ethereum often has greater volatility and more leveraged positions, making it easier to be liquidated than Bitcoin.
Does liquidation data help predict the market?
The data reflects financial pressure and volatility, helping investors assess risks and short-term trends.
How to avoid being liquidated?
Investors need to manage risks effectively, set reasonable stop losses, and not use excessive leverage.
Source: https://tintucbitcoin.com/thanh-ly-mang-133-trieu-usd-hom-nay/
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