In the past 24 hours, liquidations of crypto futures contracts across the network totaled 164000000 USD, with long positions accounting for most liquidations.
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AT A GLANCE
According to CoinGlass data, over the past 24 hours, futures contract liquidations totaled 164000000 USD, with the liquidation amount for long positions exceeding that for short positions.
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In the past 24 hours, liquidations of crypto futures contracts across the network totaled 164000000 USD, with long positions accounting for most liquidations.
PANews October 1 reported that, according to CoinGlass data, over the past 24 hours, liquidations in the cryptocurrency market totaled 164000000 USD, of which liquidations of long positions amounted to 107000000 USD, while liquidations of short positions amounted to 57402100 USD。BTC Total liquidation amount 23937400 USD，ETH Total liquidation amount 21335900 USD. The largest single liquidation occurred on HYPERLIQUID-ZEC-USD, with a value of 3135700 USD。
PANews, citing CoinGlass data on October 1 reported that, over the past 24 hours, liquidations of crypto futures contracts across the network totaled 164000000 USD。
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Liquidations of long positions amounted to 107000000 USD, while liquidations of short positions amounted to 57402100 USD。
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BTC The total liquidation amount was 23937400 USD，ETH The total liquidation amount was 21335900 USD。
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The largest single liquidation occurred on HYPERLIQUID-ZEC-USD, with a value of 3135700 USD。
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
“Liquidation” generally refers to the forced closing of a leveraged position after losses reach a specified threshold. In these data, the liquidation amount for long positions was higher than that for short positions, indicating that more bullish positions were forcibly closed by value; however, the source does not explain the price trend or the reasons for the liquidations.
Why it matters to readers
The scale of liquidations and the distribution between long and short positions can be used to observe leveraged liquidation conditions in the futures market. In this instance, the liquidation amount for long positions was higher, but these data alone cannot determine the subsequent price direction.
Beginners should note that futures trading uses leverage, and price volatility may trigger forced liquidation; these data do not constitute trading advice and cannot be used alone to predict the market.
Risks and unknowns
The data were cited by PANews from CoinGlass; the source does not provide independent verification information.
The source does not specify the statistical scope, the trading platforms covered, or the calculation methodology.
The source does not explain the reasons for the liquidations, nor does it provide price changes for BTC、ETH or ZEC.
The specific start and end times of the “past 24 hours” are not specified in the source.
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Liquidation
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