Past 24 hours saw liquidations of contracts across the entire network 134000000 USD, with both long and short positions liquidated

AT A GLANCE

BlockBeats, citing Coinglass, reported that in the past 24 hours, liquidations across the entire network amounted to 134000000 USD, with both long and short positions liquidated.

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Past 24 hours saw liquidations across the entire network 134000000 USD, with both long and short positions liquidated

BlockBeats reported that,October 28, according to Coinglass data, in the past 24 hours, liquidations across the entire network amounted to 134000000 USD in long-position liquidations 62260000 USD in short-position liquidations 71500000 USD.

Original link https://m.theblockbeats.info/flash/374014

Key points

BlockBeats reported this data on October 28.
According to Coinglass data, in the past 24 hours, liquidations across the entire network amounted to 134000000 USD。
Long-position liquidations amounted to 62260000 USD, while short-position liquidations amounted to 71500000 USD。

AI-assisted interpretation

The following is analysis, separate from reported facts. Verify important claims independently.

“Liquidation” generally refers to the forced closure of a leveraged position due to adverse price movements. In this data, both long and short positions were liquidated, indicating that leveraged positions in both directions were subject to liquidation.

Why it matters to readers

The liquidation amount and the distribution between long and short positions can be used to observe the liquidation of leveraged positions; these data alone cannot determine whether the market will rise or fall next.

Beginners may view this as a warning of market leverage risk and should not interpret “both long and short liquidations” directly as a clear signal of a rise or fall.

Risks and unknowns

The only evidence is data from BlockBeats citing Coinglass; the original Coinglass data page was not provided.
The evidence does not specify the platforms, cryptocurrencies, or contract scope covered by the statistics.
The evidence does not provide concurrent price and trading-volume data, so the relevant market trend cannot be confirmed.

Past 24 hours saw liquidations of contracts across the entire network 134000000 USD, with both long and short positions liquidated

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