Editor's PiCK

24-hour futures liquidation amount approaches $500 million

Son Min

Summary

  • Over the past 24 hours, the crypto asset perpetual futures market's position liquidation volume was recorded at $499.63 million.
  • Ethereum (ETH) recorded the largest liquidation volume, with long positions of $94.41 million and short positions of $58.21 million liquidated.
  • Bitcoin (BTC) also recorded position liquidations totaling $116.62 million.

Over the past 24 hours, the position liquidation volume in the crypto assets (cryptocurrency) perpetual futures market was recorded at $499.63 million.

According to CoinGlass data on the 23rd (local time), a total of $599.63 million worth of futures positions were liquidated in the crypto asset market over the past 24 hours. Specifically, long positions worth $340.51 million were liquidated, and short positions worth $159.12 million were liquidated.

The asset with the largest liquidation volume was Ethereum (ETH). Ethereum saw liquidations of $152.62 million, of which long positions accounted for $94.41 million and short positions for $58.21 million. Bitcoin (BTC) saw liquidations of $116.62 million during the same period, of which long positions accounted for $76.37 million and short positions for $40.25 million.

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Son Min

sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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