Coinglass Reports $228M in Liquidations Affecting 86,742 Traders

PANews reports that Coinglass data indicates nearly $1 billion in 24-hour liquidations, with long positions at $248M and shorts at $749M, alongside notable BTC and ETH figures.

BTC
ETH

Summary

According to PANews, Coinglass data shows that crypto contract liquidations totaled $998 million over the past 24 hours, with $248 million from long positions and $749 million from short positions. Additionally, Bitcoin and Ethereum liquidations reached $214 million and $322 million, respectively.

Terms & Concepts
  • Long Positions: Investments taken anticipating an asset's price increase, profiting if the asset rises.
  • Short Positions: Investments made expecting an asset's decline, benefiting from falling prices.
  • BTC: An abbreviation for Bitcoin, the leading digital currency by market capitalization.