In the past 24 hours, crypto futures liquidations amounted to 173000000 USD, with both long and short positions liquidated

Why it matters to readers

These figures show that over the past 24 hours, both long and short futures positions came under significant pressure. They can be used to observe liquidation conditions in the futures market; however, the material does not provide price or open-interest data, so it cannot confirm the subsequent direction.

Beginners should note that liquidation data reflects the liquidation of futures positions and is not equivalent to a clear forecast of price movements. The long- and short-position liquidation amounts in the material are similar, so the directional signal is unclear.