Past 24 hours: market-wide liquidations 330000000 USD, with both long and short positions liquidated
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Past 24 hours' total network liquidations 330000000 USD, with large-scale liquidations in both long and short positions.
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Past 24 hours: market-wide liquidations 330000000 USD, with both long and short positions liquidated
BlockBeats reports,October 29, according to Coinglass data, in the past 24 hours, market-wide liquidations totaled 330000000 USD, of which long liquidations totaled 176000000 USD, and short liquidations totaled 154000000 USD, with Bitcoin (87850000 USD) as the largest liquidation asset, followed by Ethereum (64330000 USD).
Original link https://m.theblockbeats.info/flash/374267
Key points
01
According to Coinglass data, BlockBeats stated that in the past 24 hours, market-wide liquidations totaled 330000000 USD。
02
in long liquidations 176000000 USD, and 154000000 USD。
03
in short liquidations. The largest liquidation asset was Bitcoin, amounting to 87850000 USD; followed by Ethereum, amounting to 64330000 USD。
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
“Liquidation” refers to a leveraged trading position being closed after its losses reach the forced-liquidation threshold. The data show that both long and short positions saw substantial liquidations, but liquidation amounts alone cannot determine the subsequent price direction.
Why it matters to readers
Large-scale liquidations indicate that the relevant derivatives markets underwent a significant deleveraging of positions during this period, potentially accompanied by elevated short-term volatility.
This is not a direct conclusion about movements in the spot prices of Bitcoin or Ethereum, but rather data on leveraged derivatives positions being forcibly closed.
Risks and unknowns
The information cites Coinglass data via BlockBeats. The evidence does not provide an original data snapshot and therefore cannot be independently verified.
The evidence does not specify the timing distribution of the liquidations and cannot be used to confirm the subsequent price direction.
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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.