Summary
- Due to the sharp drop in the cryptocurrency market, ₩1.2564 trillion was liquidated in the futures market over the past 24 hours.
- The majority of liquidated positions were long positions (₩1.135 trillion), with the largest amount stemming from Ethereum futures, which saw ₩450 billion liquidated.
- On this day, Ethereum was trading at $4,354, down 8.51%.
As the cryptocurrency market experienced an overall sharp decline, a large number of futures positions were liquidated.
According to Coinglass data at 9:05 a.m. (Korean time) on the 26th, a total of $904.58 million (approximately ₩1.2564 trillion) was liquidated in the cryptocurrency futures market over the past 24 hours. Of that, long positions (bullish bets) accounted for the majority at $818.94 million (about ₩1.135 trillion), while $85.63 million (about ₩118.8 billion) in short positions were liquidated.
By asset, Ethereum (ETH) recorded the largest amount of liquidations. Over the last 24 hours, Ethereum futures positions totaling $324.25 million (about ₩450 billion) were liquidated. Bitcoin (BTC), Solana (SOL), Dogecoin (DOGE), and XRP followed in order of liquidation scale.
Meanwhile, as of 9:10 a.m. that day, Ethereum was being traded at $4,354 on the U.S. cryptocurrency exchange Coinbase, down 8.51% from the previous day.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.![[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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