Coinglass Data Reveals $321M in Contract Liquidations Over 24 Hours

PANews reports updated Coinglass data revealing $998M in liquidations, with long positions at $248M and short positions at $749M, highlighting heightened market volatility.

BTC

ETH

215d ago

Summary

PANews reported updated Coinglass data showing $998 million in crypto contract liquidations over the past 24 hours. The breakdown includes $248 million from long positions and $749 million from short positions, with Bitcoin and Ethereum liquidations at $214 million and $322 million respectively.

Terms & Concepts

Contract Liquidations: The process where traders' positions are automatically closed due to insufficient margin during volatile market conditions.
Long Positions: Investments where traders purchase an asset in anticipation of its price rising.
Short Positions: Investments where traders sell an asset they do not own, expecting to repurchase it at a lower price.