Editor's PiCK

24-hour futures liquidations approach $250 million

Source
Son Min

Summary

  • Over the past 24 hours, a total of $246.75 million in position liquidations occurred in the crypto perpetual futures market.
  • During this period, Ethereum (ETH) recorded $70.50 million and Bitcoin (BTC) recorded $66.67 million in liquidations.
  • It reported that short positions made up a larger share of total liquidations than long positions.

Over the past 24 hours, the position liquidation volume in the crypto (cryptocurrency) perpetual futures market amounted to $246.75 million.

On the 23rd (local time), according to CoinGlass data, a total of $246.75 million in futures positions were liquidated in the crypto market over the past 24 hours. Specifically, $92.64 million in long positions were liquidated, and $154.11 million in short positions were liquidated.

The asset with the largest liquidation volume was Ethereum (ETH). Ethereum saw $70.50 million liquidated, of which $29.35 million were long positions and $51.15 million were short positions. Bitcoin (BTC) had $66.67 million liquidated during the same period, of which $14.62 million were long positions and $52.05 million were short positions.

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Son Min

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