In the past 24 hours, the cryptocurrency market recorded over 488 million USD in liquidated contracts across the network.
Coinglass reports that liquidations include 170 million USD in long positions and 318 million USD in short positions, with Bitcoin and Ethereum accounting for the majority of the liquidation value.
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The cryptocurrency market experienced 488 million USD in liquidated contracts in the past 24 hours.
Long positions account for 170 million USD, while short positions account for 318 million USD.
Bitcoin and Ethereum are the two currencies with the highest liquidation value, totaling 311 million USD.
What is the liquidation value of cryptocurrency contracts in the past 24 hours?
In the past 24 hours, according to data from Coinglass, the total value of liquidated cryptocurrency contracts across the network reached 488 million USD, including both long and short positions.
This figure reflects high pressure in the market, indicating volatile trading sentiment and could affect the short-term trends of many major coins.
This massive liquidation value indicates strong volatility over a short period, caused by technical factors and investor sentiment.
How do long and short liquidation positions proportionally affect market movements?
Data shows that 170 million USD of long position contracts were liquidated, significantly lower than the 318 million USD in short positions during the same period.
This reflects stronger pressure from aggressive short selling, indicating concerns about price drops or corrections in the cryptocurrency market.
High leverage margin trading makes both long and short positions vulnerable to liquidation when the market fluctuates rapidly, increasing risks for investors without a tight capital management strategy.
How do Bitcoin and Ethereum react to these liquidation events?
Both major coins recorded high liquidation values, with Bitcoin dropping about 120 million USD and Ethereum at 191 million USD in total liquidated contracts.
Bitcoin and Ethereum alone accounted for over 63% of the total liquidation value, showing the strong influence of price volatility on these two coins to the entire cryptocurrency market.
"The large liquidation of contracts in Bitcoin and Ethereum reflects extremely high market pressure, requiring better risk management strategies for investors," financial analyst Nguyen Minh Tuan, 2024.
Nguyen Minh Tuan – Financial analyst, 2024.
Frequently asked questions about the status of cryptocurrency contract liquidation.
What is contract liquidation and how does it affect the market?
Liquidation of contracts is the automatic closure of orders when the collateral is insufficient, leading to strong price fluctuations and increased risk for traders.
Why are short positions being liquidated more than long positions this time?
Due to increasing selling pressure and negative sentiment in the market, short positions are being liquidated more than long positions.
Do Bitcoin and Ethereum frequently face such large contract liquidations?
Bitcoin and Ethereum, due to their liquidity and high volatility, often experience significant liquidation events, especially in a highly volatile market.
How to avoid being liquidated while trading cryptocurrencies?
Investing with reasonable leverage, strict risk management, and avoiding FOMO helps reduce the risk of sudden contract liquidation.
How reliable is Coinglass as a data source in this field?
Coinglass is a trusted on-chain and derivatives analysis unit used by many investors due to its accurate and continuously updated data.
Source: https://tintucbitcoin.com/thanh-ly-hop-dong-mang-luoi-488-trieu-usd/
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