24-hour futures liquidation approaches $590.01 million

In the past 24 hours, the size of position liquidations in the cryptocurrency perpetual futures market reached $590.01 million.

According to CoinGlass data on the 22nd (local time), a total of $590.01 million worth of futures positions were liquidated in the cryptocurrency market over the past 24 hours. There were more long position liquidations in the market. Specifically, $370.57 million worth of long positions were liquidated, while $219.43 million worth of short positions were liquidated.

The asset with the highest liquidation amount was Ethereum. During the 24-hour period, $168.64 million in Ethereum positions were liquidated, with $124.53 million in longs and $44.11 million in shorts. Bitcoin (BTC) ranked second for the same period with $114.14 million liquidated. The amount liquidated was $50.08 million for long positions and $64.06 million for short positions, respectively.

As of 3:15 PM, based on the Binance USDT market, Bitcoin and Ethereum are trading at $117,547 and $3,700, down 0.68% and 2.28% respectively compared to 24 hours ago.