Crypto Derivatives See $415 Million Liquidated in 24 Hours
Coinglass data reveals $238 million in crypto liquidations, with long positions dominating losses and Ethereum surpassing Bitcoin in liquidation volume.
BTC
ETH
Summary
According to Coinglass, the global cryptocurrency market experienced $238 million in total liquidations over the past 24 hours. Of this, $145 million came from long positions and $92.48 million from short positions. Bitcoin accounted for $64.42 million in liquidations, while Ethereum led with $69.71 million, reflecting heightened volatility across major assets.
Terms & Concepts
- Liquidation: The forced closure of a leveraged trading position when margin requirements are unmet due to adverse price movements.
- Long Position: A position that profits from rising asset prices, typically involving buying with the expectation of selling higher.
- Short Position: A strategy that benefits from falling asset prices by selling borrowed assets and buying them back later at a lower price.