In the past 24 hours, cryptocurrency derivatives liquidations 846000000 USD, with long positions accounting for 702000000 USD
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In the past 24 hours, cryptocurrency derivatives liquidations 846000000 USD, with long positions dominating.
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In the past 24 hours, total crypto derivatives liquidations across the network 846000000 USD, primarily long positions
PANews October 24 reported that CoinGlass data shows that, in the past 24 hours, total cryptocurrency derivatives liquidations across the network 846000000 USD, including long liquidations of 702000000 USD and short liquidations of 144000000 USD。BTC total liquidation amount 236000000 USD，ETH total liquidation amount 183000000 USD. The largest single liquidation occurred on Binance-ETHUSDT, valued at 11854900 USD。
CoinGlass data shows that, in the past 24 hours, cryptocurrency derivatives liquidations across the network 846000000 USD。
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long liquidations 702000000 USD, and short liquidations 144000000 USD。
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BTC total liquidation amount 236000000 USD，ETH total liquidation amount 183000000 USD。
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The largest single liquidation occurred on Binance-ETHUSDT, valued at 11854900 USD。
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
Derivatives liquidation refers to the system closing a leveraged position after its losses reach the forced-liquidation threshold. The data shows that long liquidations exceeded short liquidations.
Why it matters to readers
Large liquidations indicate that many leveraged positions in the market were forcibly closed;BTC and ETH related data merits particular attention.
This reflects the scale of liquidations in the leveraged derivatives market and is not equivalent to the magnitude of price movements in the spot market. Beginners should note that derivatives leverage may amplify losses.
Risks and unknowns
The evidence does not specify the exact cause of the liquidations.
The evidence does not provide the BTC、ETH price changes before and after the liquidations.
The evidence provides only an aggregate for the past 24 hours, so subsequent trends cannot be determined from it.
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Related concepts
Derivatives Liquidation
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