According to Coinglass data on August 29, the cryptocurrency market recorded total contract liquidations of 541,000,000 USD in the past 24 hours, of which 89,723,100 USD long and 451,000,000 USD short.
Data shows BTC experienced 131,000,000 USD liquidation, ETH experienced 192,000,000 USD; the long/short allocation indicates that short selling pressure dominated in this session.
MAIN CONTENT
Total liquidation in 24 hours: 541,000,000 USD.
Distribution: 89,723,100 USD long, 451,000,000 USD short.
BTC liquidation 131,000,000 USD, ETH liquidation 192,000,000 USD.
What is the total liquidation figure for the past 24 hours?
Short answer: The total contract liquidation value is 541,000,000 USD, according to data from Coinglass on August 29, reflecting significant volatility in the 24-hour frame.
Analysis: This figure reflects the aggregate of liquidated positions across multiple exchanges, including futures and leverage. High liquidation values are often accompanied by strong volatility and temporarily increased trading volume.
How is the allocation between long and short?
Short answer: Long liquidated 89,723,100 USD, short liquidated 451,000,000 USD, indicating that short pressure dominated in this volatility.
Analysis: This ratio indicates that many short positions have encountered liquidation, possibly due to a sudden price spike earlier or high leverage concentration in short positions. Investors should manage leverage and monitor exchange liquidity to reduce risk.
How were BTC and ETH liquidated?
Short answer: BTC experienced 131,000,000 USD liquidation, ETH experienced 192,000,000 USD liquidation in the same 24-hour period.
Analysis: ETH experienced greater liquidation than BTC in this session, which may reflect greater volatility in the ETH futures market or higher leverage concentration. Data for each coin helps investors assess risk by specific asset.
"Total liquidation of 541,000,000 USD in 24 hours indicates strong volatility in the cryptocurrency market and that leverage risks need to be closely managed."
– Coinglass, market data provider, August 29
Frequently Asked Questions
What is contract liquidation and why is it important?
Contract liquidation occurs when a position is automatically closed due to a margin call; it is an indicator of leverage risk and market volatility, helping investors assess the stability of the trading session.
How to reduce the risk of liquidation?
Managing leverage, placing stop-loss orders, appropriately allocating capital, and monitoring exchange liquidity are practical measures to reduce the risk of liquidation.
Can liquidation data be used to forecast trends?
Liquidation data is a short-term leading indicator of market pressure; combined with volume, price, and on-chain data helps improve reliability when analyzing trends.
What kind of data source is Coinglass?
Coinglass provides an aggregate of liquidation data and positions across multiple exchanges; data from August 29 is used to reflect liquidation levels over the past 24 hours.
Source: https://tintucbitcoin.com/24h-thanh-ly-541m-usd-do-ban/
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