Past 24 hours: total liquidations across the network reached 1598000000 USD，245500 people were liquidated
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AT A GLANCE
Over the past 24 hours, total liquidations across the network amounted to 1598000000 USD, with over 240000 people liquidated.
Article
⚡️Past 24 hours, nearly 1600000000 USD, with over 240000 people liquidated
BlockBeats reported that,October 30, according to Coinglass data, over the past 24 hours, total liquidations across the network amounted to 1598000000 USD, of which long positions accounted for 1345000000 USD, and short positions accounted for 253000000 USD.
In the past 24 hours, 245,523 people were liquidated, with the largest single liquidation occurring on Binance - BTCUSDT, valued at 11086700 USD.
Original link https://m.theblockbeats.info/flash/374691
Key points
01
BlockBeats stated that, according to Coinglass data, over the past 24 hours, total liquidations across the network amounted to 1598000000 USD。
02
Of this, long-position liquidations amounted to 1345000000 USD, and short-position liquidations amounted to 253000000 USD。
03
In the past 24 hours, 245,523 people were liquidated.
04
The largest single liquidation occurred on Binance, involving BTCUSDT, valued at 11086700 USD。
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
Liquidation refers to a position being closed by the system when losses reach the forced-liquidation threshold during leveraged trading. The data in the article describes the scale of liquidations in the crypto market over the past 24 hours.
Why it matters to readers
A large number of positions were forcibly closed within a short period, indicating that the relevant leveraged positions faced significant volatility risk.
When using leverage, even small price fluctuations can magnify losses and trigger forced liquidation.
Risks and unknowns
The information consists of data from Coinglass cited by BlockBeats; the original article did not provide independent verification of the underlying data.
The original article did not specify the precise statistical scope of the liquidation data.
The original article did not provide specific liquidation amounts for ETH or other assets.
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Liquidation
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