Past 24 hours: network-wide contract liquidations, 699000000 USD, with long positions accounting for the majority of liquidations
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AT A GLANCE
CoinGlass data show that, over the past 24 hours, network-wide contract liquidations amounted to 699000000 USD, with long positions accounting for the majority of liquidations.
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Past 24 hours: network-wide contract liquidations, 699000000 USD, with long positions accounting for the majority of liquidations
PANews October 7 reports that CoinGlass data show that, over the past 24 hours, network-wide cryptocurrency-market contract liquidations amounted to 699000000 USD, of which long-position liquidations amounted to 650000000 USD, while short-position liquidations amounted to 48596900 USD。BTC Total liquidation amount 186000000 USD，ETH Total liquidation amount 236000000 USD. The largest single liquidation occurred on Binance-ETHUSDC, valued at 26643800 USD。
PANews, citing CoinGlass data, reported that, over the past 24 hours, network-wide cryptocurrency-market contract liquidations amounted to 699000000 USD。
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Long-position liquidations amounted to 650000000 USD, while short-position liquidations amounted to 48596900 USD。
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BTC The total liquidation amount was 186000000 USD，ETH The total liquidation amount was 236000000 USD。
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The largest single liquidation occurred on Binance-ETHUSDC, valued at 26643800 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 when losses reach the platform’s threshold. The original text shows that long-position liquidations were substantially higher than short-position liquidations, indicating that more bullish positions were forcibly closed during this period.
Why it matters to readers
Hundreds of millions USD in contract positions were liquidated within 24 hours, indicating substantial leveraged losses in the cryptocurrency derivatives market;BTC、ETH and Binance-ETHUSDC related data merit attention.
Beginners should note that contract trading involves leverage, and adverse price movements may result in forced liquidation. The data in this article describe market liquidations over the past 24 hours and do not mean that the future price direction has been determined.
Risks and unknowns
The data were provided by CoinGlass as cited by PANews; the original text did not provide other sources for cross-verification.
The original text does not specify the statistical methodology, data update time, or whether subsequent revisions will be made.
The original text does not provide price trends, leverage ratios, or the specific reasons for the liquidations.
“October 7” does not specify a year.
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Liquidation
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