Virtual asset slump... 24-hour futures liquidation nears $938.53 million

Son Min

Summary

During the past 24 hours, positions worth $938.53 million were liquidated in the virtual asset perpetual futures market.
Notably, Ethereum led with $320.15 million in liquidations, followed by Bitcoin at $275.72 million.
During this period, Bitcoin and Ethereum dropped 1.75% and 5.20%, respectively, trading at $110,324 and $4,440.

In the past 24 hours, the perpetual futures market for virtual assets (cryptocurrencies) saw position liquidations totaling $938.53 million.

According to CoinGlass data on the 26th (local time), a total of $938.53 million in futures positions were liquidated in the virtual asset market over the past 24 hours. Specifically, $826.51 million worth of long positions and $112.02 million worth of short positions were liquidated.

The largest liquidation was recorded by Ethereum (ETH). Ethereum saw $320.15 million in position liquidations within 24 hours, with $277.05 million in long positions and $43.10 million in short positions closed out. Bitcoin (BTC) ranked second, with $275.72 million liquidated during the same period. The long and short position liquidation amounts were $230.13 million and $45.59 million, respectively.

As of 3:10 PM, on the Binance USDT market, Bitcoin and Ethereum were trading at $110,324 and $4,440, respectively, marking declines of 1.75% and 5.20% compared to 24 hours ago.

BTC

ETH