Futures liquidations approach $350.75 million in 24 hours

Over the past 24 hours, the notional value of liquidated positions in the perpetual cryptocurrency (crypto asset) futures market reached $350.75 million.

According to CoinGlass on the 11th (local time), a total of $350.75 million in futures positions were liquidated in the crypto market in the past 24 hours. Specifically, $135.24 million of long positions and $215.51 million of short positions were liquidated.

The asset with the largest liquidations was Bitcoin (BTC). Bitcoin saw $114.37 million in positions liquidated within 24 hours, broken down into $7.5 million of long positions and $106.87 million of short positions liquidated. Ethereum (ETH) ranked second, having $90.85 million liquidated over the same period. The liquidation amounts for long and short positions were $41.54 million and $49.31 million, respectively.

As of 3:55 PM, based on the Binance USDT market, Bitcoin and Ethereum are trading at $122,315 and $4,302, up 3.59% and 1.80% respectively compared to 24 hours ago.