Network-wide liquidations approached 400000000 USD over 12 hours after Bitcoin fell below 84000 USD
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AT A GLANCE
After Bitcoin fell, liquidations increased in the derivatives market while open interest and the long-to-short ratio changed.
Article
Network-wide liquidations approached 400000000 USD over the past 12 hours as crowding in Bitcoin derivatives trading temporarily eased
BlockBeats reported on September 24 that, according to Coinglass data, after Bitcoin briefly fell below the level described as 80000 plus 4 last night, network-wide liquidations approached 400000000 USD over the past 12 hours, including 360000000 USD in long-position liquidations.
Bitcoin coin-margined open-interest data indicated that crowding in derivatives trading temporarily eased after the adjustment. At publication time, network-wide Bitcoin derivatives open interest had again fallen below 700000 coins and stood at 681000 coins. Long-to-short ratio data showed that short positions were the majority, with the ratio at 0.8628.
Original link: https://m.theblockbeats.info/flash/368729
Key points
01
Network-wide liquidations approached 400000000 USD over the past 12 hours, including 360000000 USD in long-position liquidations.
02
Bitcoin briefly fell below the level described as 80000 plus 4.
03
Network-wide Bitcoin derivatives open interest fell below 700000 coins and stood at 681000 coins.
04
Bitcoin short positions were the majority, with the long-to-short ratio at 0.8628.
05
The report says crowding in derivatives trading temporarily eased after the adjustment.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
Liquidation means a derivatives position is forcibly closed after losses reach a threshold; a long-to-short ratio below 1 means there are more short positions than long positions.
Why it matters to readers
Liquidation volume, open interest, and the long-to-short ratio can help beginners understand changes in leveraged positions and directional positioning.
Derivatives trading uses leverage, and short-term price movements can cause positions to be forcibly closed.
Risks and unknowns
The data come from Coinglass, and the source does not state the statistical methodology.
The precise time ranges for “last night” and “at publication time” need to be confirmed against the source publication time.
The source does not provide the Bitcoin spot price or subsequent trend.
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Liquidation
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