Cryptocurrency contract liquidations over the past 24 hours totaled 1187000000 USD, with long positions accounting for 1042000000 USD
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AT A GLANCE
In the past 24 hours, the crypto market saw contract liquidations of 1187000000 USD, with long positions accounting for the majority.
Article
In the past 24 hours, total contract liquidations across the entire network reached 1187000000 USD, mainly long positions.
PANews November 9 news, CoinGlass data shows that in the past 24 hours, total contract liquidations in the cryptocurrency market across the entire network reached 1187000000 USD, of which long position liquidations were 1042000000 USD and short position liquidations were 145000000 USD. BTC total liquidation amount was 318000000 USD, ETH total liquidation amount was 505000000 USD. The largest single liquidation occurred on Binance-ETHUSDT, valued at 48155300 USD.
CoinGlass data shows that in the past 24 hours, total contract liquidations across the cryptocurrency market reached 1187000000 USD.
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Among them, long positions were liquidated for 1042000000 USD, and short positions were liquidated for 145000000 USD.
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Total BTC liquidations: 318000000 USD, total ETH liquidations: 505000000 USD.
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The largest single liquidation occurred on Binance-ETHUSDT, valued at 48155300 USD.
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PANews released the above data in a November 9 message.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
Liquidation refers to the situation in leveraged trading where losses reach the platform's conditions for forced liquidation, and the position is closed by the system. This data shows that the liquidation amount for long positions is significantly higher than that for short positions, indicating that leveraged positions in the bullish direction suffered greater losses during the statistical period.
Why it matters to readers
Large-scale concentrated liquidations mean that leveraged positions are being forcibly cleared, which may reflect significant short-term market volatility. This data only describes the past 24 hours and cannot alone indicate the subsequent price direction.
Beginners should understand that leverage amplifies both gains and losses; when the market fluctuates rapidly, leveraged long positions may be forcibly liquidated as prices fall.
Risks and unknowns
The original text did not provide the CoinGlass source page or independent cross-verification.
The liquidation data is based on statistics from the past 24 hours, and it is unknown whether the scale will continue to expand going forward.
It is impossible to confirm the subsequent price direction of BTC and ETH based solely on this material.
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Related concepts
Liquidation
This term is not in the glossary yet. Browse related concepts in the glossary.
A trading method that uses borrowed funds to establish a position larger than the trader’s own capital, thereby amplifying both potential gains and losses.
