Over the past 24 hours, crypto-market contract liquidations amounted to 393000000 USD, with short positions dominating
BIBIBI
AT A GLANCE
According to CoinGlass data, over the past 24 hours, total crypto-market contract liquidations amounted to 393000000 USD, with short-position liquidation volume exceeding that of long positions.
Article
past 24 hours, total crypto liquidations 393000000 USD, with short positions accounting for the majority
PANews October 2 reported that, according to CoinGlass data, over the past 24 hours, total crypto-market liquidations amounted to 393000000 USD, including 117000000 USD in long-position liquidations and 276000000 USD。BTC Total liquidations amounted to 171000000 USD，ETH Total liquidations amounted to 87768700 USD. The largest single liquidation occurred on Binance-BTCUSDT, valued at 11727400 USD。
PANews cited CoinGlass data as saying that over the past 24 hours, total crypto-market contract liquidations amounted to 393000000 USD。
02
Long-position liquidations amounted to 117000000 USD, while short-position liquidations amounted to 276000000 USD。
03
BTC Total liquidations amounted to 171000000 USD。
04
ETH Total liquidations amounted to 87768700 USD。
05
The largest single liquidation occurred on Binance-BTCUSDT, valued at 11727400 USD。
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
“Liquidation” refers to the forced closure of a leveraged contract after losses reach a certain level. The data shows that short-position liquidations exceeded long-position liquidations, meaning that during this statistical period, the value of short contracts forcibly closed was higher; however, the data does not provide price movements, so subsequent rises or falls cannot be determined from liquidation data alone.
Why it matters to readers
The concentration of large liquidations indicates that leveraged traders suffered significant losses within a short period and may also coincide with substantial market volatility.BTC and ETH accounted for relatively large liquidation amounts, while the largest single liquidation occurred on Binance-BTCUSDT。
Beginners can view this as a high-leverage risk warning: regardless of whether the direction was correctly predicted, using leverage can still result in forced liquidation due to short-term volatility. The information is insufficient to constitute a basis for buying or selling.
Risks and unknowns
The information was relayed by PANews from CoinGlass data and does not present the original CoinGlass page, statistical methodology, or real-time verification results.
The information does not provide BTC、ETH's price movements, so the specific market trajectory at the time of the liquidations cannot be confirmed.
The information does not specify whether these data cover all trading platforms.
Related Developments
Loading event timeline…
A single liquidation event cannot confirm the subsequent market direction.
Related concepts
Liquidation
This term is not in the glossary yet. Browse related concepts in the glossary.
