In the past 24 hours, total contract liquidations across the market 334000000 USD, with both longs and shorts liquidated
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AT A GLANCE
CoinGlass data show that, in the past 24 hours, total contract liquidations across the market 334000000 USD, with both long and short positions liquidated.
Article
In the past 24 hours, total contract liquidations across the market 334000000 USD, with both longs and shorts liquidated
PANews October 19 reported that CoinGlass data show that, in the past 24 hours, total cryptocurrency contract liquidations across the market 334000000 USD, including long liquidations of 175000000 USD and short liquidations of 160000000 USD。BTC Total liquidation amount 65887900 USD，ETH Total liquidation amount 112000000 USD. The largest single liquidation order occurred on Binance-ETHUSDT, worth 11805700 USD。
PANews, citing CoinGlass data, said that in the past 24 hours, total cryptocurrency contract liquidations across the market 334000000 USD。
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Long liquidations 175000000 USD, and short liquidations 160000000 USD。
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BTC The total liquidation amount was 65887900 USD，ETH The total liquidation amount was 112000000 USD。
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The largest single liquidation occurred on Binance-ETHUSDT, worth 11805700 USD。
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
“Liquidation” refers to the forced closure of a contract position due to adverse market movements. Large amounts of both long and short positions were liquidated this time, indicating that leveraged positions in both directions were affected during the statistical period.
Why it matters to readers
Liquidation data can help assess the scale of leveraged positions liquidated in the contract market; in this instance,ETH the liquidation amount was higher than BTC, and the largest single liquidation also occurred in the ETH trading pair.
Beginners can view this as a contract-trading risk warning: both long and short positions can be forcibly closed, and “both longs and shorts liquidated” alone cannot be used to determine the subsequent price direction.
Risks and unknowns
The original article did not provide the CoinGlass data page or calculation methodology, so independent verification is not possible.
Long positions 175000000 USD and short positions 160000000 USD add up to 335000000 USD, compared with the total of 334000000 USD a 1000000 USD difference, which may involve rounding or differing statistical methodologies.
The original article only states “October 19” and does not specify the year.
The original article does not provide the subsequent price direction, changes in open interest, or whether the scale of liquidations persisted.
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Related concepts
Liquidation
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