$400 million in crypto contracts liquidated in the past 24 hours, with $297 million in longs
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AT A GLANCE
$400 million in contracts were liquidated across the market in the past 24 hours, including $297 million in long-position liquidations.
Article
$400 million in cryptocurrency contracts liquidated across the market in the past 24 hours, predominantly long positions
PANews reported on September 24 that CoinGlass data show $400 million in cryptocurrency contracts were liquidated across the market in the past 24 hours, including $297 million in long-position liquidations and $103 million in short-position liquidations. Total BTC liquidations amounted to $136 million, while total ETH liquidations amounted to $82.8049 million. The largest single liquidation occurred on Binance-ETHUSDT, valued at $11.4879 million.
Total ETH liquidations amounted to $82.8049 million.
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The largest single liquidation occurred on Binance-ETHUSDT, valued at $11.4879 million.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
These data measure the value of contract liquidations over the past 24 hours. Long-position liquidations exceeded short-position liquidations; both BTC and ETH saw substantial liquidations, and the largest single liquidation came from Binance-ETHUSDT.
Why it matters to readers
The data show the overall scale and directional composition of contract liquidations during the reporting period, as well as liquidation amounts for BTC, ETH, and the largest single liquidation.
Beginners can use this to observe the scale of liquidations in the contract market, but the original report provides no price trend and these data alone cannot determine subsequent price movements.
Risks and unknowns
The information was reported by PANews citing CoinGlass data, without a link to the original CoinGlass data page.
The original report does not specify the methodology, platforms covered, or whether the data may be revised later.
The original report does not explain the specific causes of the liquidations or their effect on subsequent prices.
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Contract Liquidations
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