Past 24 hours' market-wide contract liquidations 214000000 USD, with long positions primarily liquidated
BIBIBI
AT A GLANCE
CoinGlass data show that, over the past 24 hours, market-wide contract liquidations totaled 214000000 USD, primarily involving long positions.
Article
Past 24 hours' market-wide contract liquidations 214000000 USD, with long positions primarily liquidated
PANews October 17 reported that CoinGlass data show that, in the past 24 hours, market-wide cryptocurrency contract liquidations totaled 214000000 USD, of which long-position liquidations totaled 153000000 USD, and short-position liquidations totaled 61329300 USD。BTC total liquidation amount 37485000 USD，ETH total liquidation amount 33399200 USD. The largest single liquidation occurred on HYPERLIQUID-BTC-USD, valued at 5096600 USD。
BTC The total liquidation amount was 37485000 USD。
04
ETH The total liquidation amount was 33399200 USD。
05
The largest single liquidation occurred on HYPERLIQUID-BTC-USD, valued at 5096600 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 position after losses reach a certain level. The amount of long-position liquidations in the data exceeded that of short-position liquidations, indicating that over the past 24 hours, more bullish positions were liquidated.
Why it matters to readers
Large contract liquidations reflect the concentrated liquidation of leveraged positions in the market;BTC、ETH and data on the largest single liquidation can be used to observe the scale of liquidations across different assets.
Beginners should note that leverage in contract trading magnifies losses and may trigger forced liquidation; these data do not constitute a forecast of future price direction.
Risks and unknowns
The original article did not provide a CoinGlass raw data snapshot, so the amounts cannot be independently verified.
The original article did not specify the methodology, the scope of platforms covered, or the data update time.
The original article did not provide price, open interest, or funding rate data, so subsequent market direction cannot be determined.
Related Developments
Loading event timeline…
Related concepts
Liquidation
This term is not in the glossary yet. Browse related concepts in the glossary.
