PiCK
Cryptocurrency Market Volatility Surges…Liquidation Reaches $1.2 Billion in 24 Hours
YM Lee
Summary
- It was reported that the volatility in the cryptocurrency market surged sharply following the hawkish remarks by Federal Reserve Chair Jerome Powell last Thursday.
- According to CoinGlass data, the 24-hour liquidation amount is approximately $1.23 billion, with the majority being long positions.
- The exchange with the most liquidations was Binance, with $548.95 million in liquidations.
Following the hawkish remarks by Jerome Powell, the Federal Reserve Chair, last Thursday, the volatility in the cryptocurrency market has sharply increased, leading to a surge in liquidation positions in the perpetual futures market.
According to CoinGlass data on the 20th (local time), the 24-hour liquidation amount is approximately $1.23 billion, with $1.06 billion being long positions.
The exchange with the most liquidations was Binance, with $548.95 million in liquidations, 86.78% of which were long positions.
YM Lee
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