Past 24 hours' cryptocurrency market liquidations 507000000 USD, with longs predominating
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AT A GLANCE
CoinGlass data show that, over the past 24 hours, market-wide contract liquidations totaled 507000000 USD, primarily involving long liquidations.
Article
Past 24 hours' market-wide contract liquidations 507000000 USD, predominantly long liquidations
PANews September 23 reports that CoinGlass data show that, over the past 24 hours, market-wide cryptocurrency contract liquidations 507000000 USD, including long liquidations of 361000000 USD and short liquidations of 146000000 USD。BTC Total liquidation amount 145000000 USD，ETH Total liquidation amount 104000000 USD. The largest single liquidation occurred on Binance-ETHUSDT, valued at 10041000 USD。
CoinGlass data show that, over the past 24 hours, market-wide cryptocurrency contract liquidations totaled 507000000 USD。
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Long liquidations 361000000 USD, and short liquidations 146000000 USD。
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BTC The total liquidation amount was 145000000 USD，ETH The total liquidation amount was 104000000 USD。
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The largest single liquidation occurred on Binance-ETHUSDT, valued at 10041000 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. The original data show that the amount of long liquidations exceeded that of short liquidations; hence, the headline states that long liquidations predominated.
Why it matters to readers
These data reflect, over the past 24 hours, the distribution of liquidation amounts for long positions, short positions, and BTC and ETH related liquidations in the contract market.
Beginners can use this to understand that liquidations may occur in contract trading and to note the difference between long and short liquidation amounts.
Risks and unknowns
The data are derived from CoinGlass statistics cited in the original text; no calculation methodology or verifiable breakdown was provided.
The original text states only “September 23” and does not specify the year.
The original text does not explain the specific cause of the liquidations.
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Related concepts
Derivatives Liquidation
This term is not in the glossary yet. Browse related concepts in the glossary.
