Editor's PiCK
Futures Liquidation Volume Reaches $350.74 Million in 24 Hours
Summary
- The liquidation volume in the perpetual crypto futures market was reported at $350.74 million over the past 24 hours.
- Notably, as Ethereum surpassed $3,100, there were many short position liquidations in that asset alone, totaling $120.21 million.
- Both Bitcoin and Ethereum increased by 0.91% and 5.71%, respectively, highlighting heightened market volatility.
In the past 24 hours, the scale of position liquidations in the cryptocurrency perpetual futures market reached $350.74 million.
According to CoinGlass data as of the 16th (local time), a total of $350.74 million worth of futures positions were liquidated across the digital asset market over the past 24 hours. As Ethereum (ETH) surpassed $3,100, there were more short (sell) position liquidations than longs. Specifically, long positions accounted for $163.37 million in liquidations, while short positions reached $187.37 million.
Ethereum recorded the largest amount of liquidations. Over 24 hours, $120.21 million in Ethereum positions were liquidated, with $36.48 million coming from long positions and $83.73 million from short positions. Bitcoin (BTC) ranked second, seeing $86.74 million liquidated during the same period. Long and short position liquidations for Bitcoin were $53.75 million and $32.99 million, respectively.
As of 4:05 PM, according to Binance USDT market, Bitcoin and Ethereum are trading at $118,283 and $3,162, respectively, up 0.91% and 5.71% from 24 hours ago.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit![[Today’s Key Economic & Crypto Calendar] Atlanta Fed GDPNow, More](https://media.bloomingbit.io/static/news/brief_en.webp?w=250)
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