₩870 billion in futures liquidated over the past 24 hours

Source
Uk Jin

Summary

  • Over the past 24 hours, sharp declines in major virtual asset prices led to the liquidation of approximately ₩870 billion worth of positions in the futures market.
  • According to CoinGlass data, ₩640 billion was liquidated from long positions, and ₩230 billion from short positions.
  • It was emphasized that liquidation amounts were largest for Bitcoin, followed by Ethereum and Solana.

With the sharp decline in major virtual assets (cryptocurrencies) such as Bitcoin (BTC), a substantial volume of futures positions were liquidated.

According to CoinGlass data on the 25th (KST), a total of $628 million (approximately ₩870 billion) worth of futures positions were liquidated across the entire network in the past 24 hours. Of this, $459 million (about ₩640 billion) came from long positions, while the remaining $168 million (about ₩230 billion) came from short positions.

The largest liquidations were seen in Bitcoin (BTC), followed by Ethereum (ETH) and Solana (SOL).

publisher img

Uk Jin

wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
What did you think of the article you just read?