Coinglass Reports Over $19 Billion in Crypto Liquidations in 24 Hours
Coinglass data reveals a significant $959 million in liquidations, with long positions accounting for the majority, signaling continued market turbulence.
Summary
Coinglass data on October 17 reported $959 million in total liquidations across the crypto market, with $747 million coming from long positions and $212 million from short positions. This reflects heightened volatility and the ongoing impact on leveraged traders in the market.
Terms & Concepts
- Crypto Liquidation: The forced closure of a trader's positions due to insufficient margin to cover potential losses, typically triggered by sudden price movements.
- Coinglass: An analytics platform providing cryptocurrency market data, including liquidation statistics and derivatives trading activity.