In the past 24 hours, the cryptocurrency market recorded over 173 million USD in liquidated contracts, evenly split between buy and sell positions.
Data from Coinglass shows that contract liquidations are occurring strongly with a dominance of short positions, where BTC and ETH are the two coins most affected in terms of liquidation value.
MAIN CONTENT
The cryptocurrency market liquidated a total of 173 million USD in contracts in the past 24 hours.
Long positions were liquidated with 72.2 million USD, while short positions accounted for 101 million USD.
BTC and ETH are the two main currencies that were liquidated the most, at 10.2 million and 43.5 million USD, respectively.
How much contract value has been liquidated in the cryptocurrency market in the past 24 hours?
Aggregate data from Coinglass on August 24 shows that the amount of contracts liquidated in the cryptocurrency market reached over 173 million USD. This figure records the total cost eliminated due to strong price volatility affecting speculative positions across the network.
Large-scale liquidations reflect strong volatility and risks when trading on leverage in the cryptocurrency sector. Volatile sessions often trigger mass liquidations due to margin pressure.
What is the ratio of liquidated long and short positions among the liquidated contracts?
Detailed analysis shows that out of a total of over 173 million USD in liquidated contracts, 72.2 million USD belongs to long positions and 101 million USD belongs to short positions. This indicates higher selling pressure (short) at the time of observation.
This ratio reflects significant instability and downward pressure in the cryptocurrency market, as investors are unable to maintain long positions. At the same time, the dominance of short positions also demonstrates the strong parallel trends of speculative price increases and decreases.
How are BTC and ETH affected in these liquidation waves?
Bitcoin (BTC) and Ethereum (ETH) are the two currencies suffering the most from heavy liquidation contracts. According to the report, BTC was liquidated for contracts worth 10.2 million USD, while ETH reached an even higher liquidation value of 43.5 million USD.
The liquidation value difference between the two leading currencies reflects their volatility and market capitalization. ETH with a high liquidation value indicates that leveraged positions on ETH are under significant pressure due to recent price volatility.
"Large-scale liquidations in the cryptocurrency market indicate high risks when using leverage, while reflecting instability in short-term price trends."
– Coinglass data analysis team, August 2024 report
What factors typically lead to large-scale liquidations in the cryptocurrency market?
Liquidation often occurs when cryptocurrency prices fluctuate sharply, causing leveraged accounts to fail to maintain sufficient margin. News events, policy changes, or technical fluctuations can exacerbate this situation.
Moreover, high liquidity and leverage are the main reasons for the increase in mass liquidations. Investors need to have solid knowledge and manage risk when participating in this highly volatile market.
Frequently Asked Questions
What is a liquidation contract in the cryptocurrency market?
Contract liquidation occurs when investors use leverage without sufficient margin; the system automatically closes positions to avoid larger losses.
Why are short positions liquidated more in this wave?
Strong selling pressure causes prices to fluctuate more sharply, with short positions that do not meet margin requirements being liquidated more than long positions.
Do high liquidations of BTC and ETH affect the overall market?
The two major currencies that are liquidated heavily often create a sense of concern and increase overall volatility in the cryptocurrency market.
How to minimize liquidation risk when trading on leverage?
Investors need to manage leverage appropriately, closely monitor price fluctuations, and optimize capital management, avoiding placing all capital into one position.
Is this liquidation data reliable for reference?
Data from monitoring platforms like Coinglass is considered a reputable source, providing a visual insight into the risks of the cryptocurrency market.
Source: https://tintucbitcoin.com/24h-thanh-ly-173-trieu-usd-long-short-bung-no/
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