In the past 1 hour, total network-wide contract liquidations were 25,410,000 USD, and SanDisk contract liquidations were 4,340,000 USD.
BIBIBI
AT A GLANCE
In the past 1 hour, total network-wide contract liquidations were 25,410,000 USD, with short liquidations accounting for the majority.
Article
⚡️ Bitcoin's gain lagged U.S. stock indices. In the past 1 hour, SanDisk contract liquidations reached 4,340,000 USD, surpassing ETH data for the same period.
BlockBeats news, November 9, according to Coinglass data, total network-wide liquidations in the past 1 hour were 25,410,000 USD, of which long liquidations were 3,340,000 USD and short liquidations were 22,070,000 USD.
Notably, as of press time, the Dow rose 1.68%, the S&P 500 rose 1.92%, and the Nasdaq 100 rose 2.71%, but after the U.S. stock market opened, Bitcoin only rose 1%, causing the short liquidations to occur mostly in U.S. stock contract underlying assets, including SanDisk (4,340,000 USD), SOXL (2,530,000 920,000 USD), etc.
Original link https://m.theblockbeats.info/flash/376391
Key points
01
BlockBeats stated that according to Coinglass data, total network-wide liquidations in the past 1 hour were 25,410,000 USD.
02
Of these, long liquidations were 3,340,000 USD and short liquidations were 22,070,000 USD.
03
As of press time, the Dow rose 1.68%, the S&P 500 rose 1.92%, and the Nasdaq 100 rose 2.71%.
04
During the same period, Bitcoin rose 1%.
05
SanDisk contract liquidations were 4,340,000 USD, and SOXL contract liquidations were 2,530,000 920,000 USD.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
Liquidation refers to leveraged positions being forcibly closed due to price movements and other reasons. The data in the article shows that in the past 1 hour, short liquidation amounts were significantly higher than long liquidations, and U.S. stock contract underlying assets such as SanDisk and SOXL experienced large liquidation amounts.
Why it matters to readers
This is a set of short-term leveraged liquidation data that can be used to observe short-term fluctuations and position clearing in the relevant contract markets, but it does not represent subsequent price trends.
Beginners can first distinguish between long and short positions: long positions bet on price increases, and short positions bet on price decreases; liquidation amounts only indicate the scale of positions forcibly closed, not investment returns.
Risks and unknowns
The data covers only the past 1 hour and cannot alone represent a sustained trend.
The original text does not specify the exact statistical methodology for the SanDisk and SOXL liquidation amounts.
The original text does not provide subsequent price trends for Bitcoin, SanDisk, or SOXL.
Related Developments
Loading event timeline…
Related concepts
Liquidation
This term is not in the glossary yet. Browse related concepts in the glossary.
