Past 24 hours saw liquidations of futures contracts across the entire network 65540700 USD, with both longs and shorts liquidated
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Past 24 hours saw liquidations of futures contracts across the entire network totaling 65540700 USD, with long and short liquidation amounts at similar levels.
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Past 24 hours saw liquidations of futures contracts across the entire network 65540700 USD, with both longs and shorts liquidated
PANews October 11 reported that, according to CoinGlass data, over the past 24 hours, the cryptocurrency market saw liquidations of futures contracts across the entire network totaling 65540700 USD, including long-position liquidations totaling 32318100 USD, and short-position liquidations totaling 33222700 USD。BTC Total liquidation amount 3066900 USD，ETH Total liquidation amount 4514500 USD. The largest single liquidation occurred on HYPERLIQUID-STRK-USD, valued at 786900 USD。
PANews stated that, according to CoinGlass data, over the past 24 hours, the cryptocurrency market saw liquidations of futures contracts across the entire network totaling 65540700 USD。
The largest single liquidation occurred on HYPERLIQUID-STRK-USD, valued at 786900 USD。
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
“Liquidation” refers to the forced closing of a futures position. The source text shows that both long and short positions were liquidated and that the amounts were similar; therefore, these data alone cannot confirm whether the market will rise or fall next.
Why it matters to readers
These figures show that over the past 24 hours, the cryptocurrency futures market experienced concentrated liquidations on both the long and short sides. They can be used to observe risks in futures trading but cannot, on their own, serve as a basis for determining price direction.
Beginners should note that futures trading can result in forced liquidation; a large liquidation amount does not, by itself, enable prediction of subsequent price movements.
Risks and unknowns
The source text relayed CoinGlass data through PANews and did not provide a link to the original CoinGlass data.
The long and short amounts add up to 65540800 USD, which differs from the stated total of 65540700 USD by 100 USD. This may be related to statistical methods or rounding, but the source text does not explain it.
The source text does not specify the statistical methodology, platforms covered, or data update time.
The source text does not provide price, open-interest, or funding-rate data, so the market's subsequent direction cannot be determined.
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Liquidation
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