Past 24 hours, total liquidations across the network amounted to 609000000 USD, with more than 100000 people liquidated
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AT A GLANCE
Over the past 24 hours, total liquidations across the network amounted to 609000000 USD，105,660 people were liquidated, with long liquidations accounting for the majority.
Article
Past 24 hours, total liquidations across the network exceeded 600000000 USD, with more than 100000 people liquidated
BlockBeats reported that October 7, according to Coinglass data, over the past 24 hours, total liquidations across the network amounted to 609000000 USD, of which long liquidations amounted to 545000000 USD, and short liquidations amounted to 64390000 USD.
Globally, 105,660 people were liquidated, with the largest single liquidation occurring on Binance - ETHUSDC with a value of 26643800 USD.
Original link https://m.theblockbeats.info/flash/370613
Key points
01
BlockBeats reported that October 7, according to Coinglass data, over the past 24 hours, total liquidations across the network amounted to 609000000 USD。
02
Long liquidations amounted to 545000000 USD, while short liquidations amounted to 64390000 USD。
03
Globally, 105,660 people were liquidated.
04
The largest single liquidation occurred on Binance and involved ETHUSDC, with a value of 26643800 USD。
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
“Liquidation” generally refers to a leveraged trader’s position being forcibly closed due to adverse movements. This item shows that long liquidation amounts were significantly higher than short liquidation amounts, but it does not provide price movements or the reasons for the liquidations.
Why it matters to readers
The liquidation amount, number of people involved, and long-short direction can help observe concentrated liquidations of leveraged positions; in this dataset, long liquidation amounts accounted for the majority.
Beginners can use this to understand the forced-liquidation risks of leveraged trading; this dataset alone cannot be used to determine the subsequent price direction.
Risks and unknowns
The data was cited by BlockBeats from Coinglass; the evidence does not directly display Coinglass’s original data page.
The trigger for the concentrated liquidations was not specified.
Not provided BTC、ETH or specific price movements of other assets.
The largest single record only indicates that the liquidation occurred on Binance; it cannot be used to assess the platform’s operations or asset security.
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Related concepts
Liquidation
This term is not in the glossary yet. Browse related concepts in the glossary.
A trading method that uses borrowed funds to establish a position larger than the trader’s own capital, thereby amplifying both potential gains and losses.
