Editor's PiCK
Volatility Surges Following U.S. Airstrike on Nuclear Facilities... 24-Hour Futures Liquidations Approach $651.88 Million
Summary
- Over the past 24 hours, the liquidation volume in the virtual asset perpetual futures market reached $651.88 million.
- Long position liquidations made up the majority across major virtual assets such as Bitcoin and Ethereum, with prices declining by 0.79% and 1.75%, respectively.
- Market volatility surged significantly following the U.S. airstrike on Iran's nuclear facilities and Iran’s announcement of strong retaliation.
Over the past 24 hours, the liquidation volume in the virtual asset (cryptocurrency) perpetual futures market was recorded at $651.88 million.
According to CoinGlass data on the 23rd (local time), a total of $651.88 million in futures positions were liquidated in the virtual asset market over the past 24 hours. After former U.S. President Donald Trump revealed the airstrike on Iran's nuclear facilities and Iran announced strong retaliation, war tensions escalated and long (buy) position liquidations dominated the market. Specifically, $505.5 million in long positions and $146.38 million in short (sell) positions were liquidated.
The largest liquidated asset was Bitcoin (BTC), which saw $238.63 million in positions liquidated in 24 hours. Of this, liquidations amounted to $190.83 million in long positions and $47.8 million in short positions, respectively. Ethereum (ETH) followed in second place for the same period with $188.73 million liquidated. Liquidation totals for long and short positions were $144.67 million and $44.06 million, respectively.
As of 3:56 PM, according to Binance USDT market data, Bitcoin and Ethereum were trading down 0.79% and 1.75%, at $101,899 and $2,245, respectively.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit!["Will AI take our jobs?" Fear spreads…market rattled by a plunge in shares [New York Market Briefing]](https://media.bloomingbit.io/PROD/news/874408f1-9479-48bb-a255-59db87b321bd.webp?w=250)
