Crypto Market Sees $404M Liquidations; Largest on OKX ETH Trade

PANews reported on August 10th that Coinglass data revealed nearly equal long ($171M) and short ($172M) liquidations, highlighting significant activity in Bitcoin and Ethereum.

BTC
ETH

Summary

According to PANews on August 10th, Coinglass data indicates that in the past 24 hours, the cryptocurrency market experienced $343 million in contract liquidations, with long positions at $171 million and short positions at $172 million. Bitcoin liquidations reached $46.687 million, while Ethereum saw $125 million liquidated.

Terms & Concepts
  • Liquidation: A forced sale of assets due to insufficient margin, often triggered by market volatility.
  • ETH: The abbreviation for Ethereum, a major cryptocurrency used for decentralized finance and smart contracts.