Coinglass Reports $213 Million in Crypto Liquidations in 24 Hours
Coinglass data shows $213 million liquidated in the past day, with shorts facing heavier losses than longs amid ongoing market volatility.
BTC
ETH
Summary
In the past 24 hours, total cryptocurrency market liquidations reached $213 million, according to Coinglass. This included $89.17 million from long positions and $123 million from short positions, indicating greater losses for bearish trades. Bitcoin accounted for $61.25 million in liquidations, while Ethereum saw $40.29 million. The figures highlight continued volatility and risk for leveraged positions in the crypto market.
Terms & Concepts
- Liquidation: The forced closure of a position when an investor’s margin falls below required levels, often due to adverse price movements.
- Long Position: A trading stance where an investor buys an asset expecting its price to rise.
- Short Position: A trading stance where an investor sells an asset they do not own, aiming to repurchase it later at a lower price.