Editor's PiCK
Perpetual futures position liquidations reach $184.16 million in 24 hours
Summary
- In the past 24 hours, $184.16 million in positions were liquidated in the perpetual cryptocurrency futures market.
- In particular, as the price of Bitcoin exceeded $109,000, short position liquidations totaled $137.01 million.
- The largest liquidation figure was seen in Ethereum, which saw $64.14 million in positions liquidated over the 24-hour period.
In the past 24 hours, the scale of position liquidations in the perpetual futures market for cryptocurrencies reached $184.16 million.
According to CoinGlass data on the 7th (local time), a total of $184.16 million in futures positions were liquidated in the cryptocurrency market over the past 24 hours. Bitcoin (BTC) surpassed $109,000, leading to more short position liquidations in the market. Specifically, $47.14 million in long positions were liquidated, while $137.01 million in short positions were liquidated.
Ethereum (ETH) recorded the largest liquidation amount. In the 24-hour period, $64.14 million in Ethereum positions were liquidated, with $14.52 million in long positions and $49.62 million in short positions liquidated, respectively. Bitcoin ranked second during the same period, with $35.38 million liquidated. Liquidations amounted to $4.13 million in long positions and $31.25 million in short positions.
As of 3:20 p.m., based on the Binance USDT market, Bitcoin and Ethereum are up 0.91% and 1.88%, trading at $109,151 and $2,571, respectively.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
