Past 24 hours, total network contract liquidations amounted to 196000000 USD, mainly long positions
BIBIBI
AT A GLANCE
Over the past 24 hours, total network contract liquidations amounted to 196000000 USD, with long positions predominating;BTC and ETH both faced significant liquidation pressure.
Article
Past 24 hours, total network contract liquidations 196000000 USD, mainly long positions
PANews October 26 reported that, according to CoinGlass data, over the past 24 hours, total cryptocurrency market contract liquidations amounted to 196000000 USD, including long-position liquidations of 128000000 USD and short-position liquidations of 67570300 USD。BTC Total liquidation amount 53169200 USD，ETH Total liquidation amount 48361400 USD. The largest single liquidation occurred on Binance-ETHUSDT, valued at 6966200 USD。
Over the past 24 hours, total cryptocurrency market contract liquidations amounted to 196000000 USD。
02
Long-position liquidations amounted to 128000000 USD, while short-position liquidations amounted to 67570300 USD。
03
BTC Total liquidation amount 53169200 USD，ETH Total liquidation amount 48361400 USD。
04
The largest single liquidation occurred on Binance-ETHUSDT, valued at 6966200 USD。
05
The above data was published by PANews citing CoinGlass data.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
Liquidation refers to a leveraged position being forcibly closed by the system due to insufficient margin. The data shows that over the past 24 hours, more long positions were forcibly liquidated than short positions.
Why it matters to readers
Concentrated liquidations indicate that a relatively large number of leveraged positions in the market were liquidated, and short-term volatility and deleveraging pressure may be elevated.
Beginners should know that leverage amplifies both gains and losses; when prices fluctuate rapidly, positions may be forcibly liquidated unexpectedly.
Risks and unknowns
The evidence does not indicate BTC or ETH the subsequent price direction.
The evidence does not specify the exact start and end times of the liquidation data's statistical period.
The evidence does not indicate whether these liquidations will continue to increase.
Related Developments
Loading event timeline…
Related concepts
Liquidation
This term is not in the glossary yet. Browse related concepts in the glossary.
