Editor's PiCK
Virtual Asset 24-Hour Futures Liquidation Approaches $443.75 Million
Summary
- It was reported that $443.75 million in positions were liquidated in the virtual asset perpetual futures market over the past 24 hours.
- It was revealed that liquidations of short (sell) positions in major virtual assets such as Bitcoin and Ethereum accounted for the majority.
- Both Bitcoin and Ethereum showed an uptrend of 3.73% and 7.63%, respectively.
Over the past 24 hours, the size of liquidations in the virtual asset (cryptocurrency) perpetual futures market reached $443.75 million.
According to data from Coinglass on the 10th (local time), a total of $443.75 million in futures positions were liquidated in the virtual asset market over the past 24 hours. With Bitcoin (BTC) trending upward, the majority of liquidations were for short (sell) positions. Specifically, $56.76 million in long (buy) positions and $386.98 million in short positions were liquidated.
The asset with the largest liquidation amount was Bitcoin (BTC). Over the 24-hour period, Bitcoin saw $204.48 million in positions liquidated, with $8.93 million in long positions and $195.55 million in short positions closed. Ethereum (ETH) ranked second, with $109.89 million in liquidations during the same period. The amounts liquidated for long and short positions were $15.75 million and $94.14 million, respectively.
As of 3:44 PM, on the Binance USDT market, Bitcoin is trading at $109,570, up 3.73% from 24 hours earlier, while Ethereum has risen 7.63% to $2,677.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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