Past 1 hours, total contract liquidations across the network exceeded 450000000 USD, with long positions accounting for 93.7%
BIBIBI
AT A GLANCE
According to data from CoinGlass cited by PANews, in the past 1 hours, contract liquidations totaled 455000000 USD, with long positions accounting for approximately 93.7%。
Article
Past 1 hours, total liquidations across the network exceeded 450000000 USD, with long positions bearing the brunt
PANews October 8 reported that, according to CoinGlass data, in the past 1 hours, total liquidations of contracts across the network reached 455000000 USD. Of this, long liquidations amounted to 427000000 USD, while short liquidations amounted to only 28568100 USD, with long positions accounting for approximately 93.7%of the total. By exchange,Binance ranked first in liquidation volume, reaching 263000000 USD(approximately 58%）；Bybit at 68490000 USD followed, with Gate and OKX recording liquidations of 36970000、30700000 USD, respectively; all of the above platforms were dominated by long liquidations (long positions accounting for more than 94%%). Notably,HTX recorded 20100000 USD liquidations, of which more than 94%were short positions, contrary to the overall direction. By token,ETH had the largest liquidation volume, with approximately 1 hours recording about 135000000 USD；BTC followed closely behind at about 8...
PANews reported that, according to CoinGlass data, in the past 1 hours, total contract liquidations across the network reached 455000000 USD。
02
Long liquidations amounted to 427000000 USD, short liquidations amounted to 28568100 USD, and long positions accounted for approximately 93.7%。
03
Binance liquidations 263000000 USD, accounting for approximately 58%; Bybit liquidations 68490000 USD。
04
Gate and OKX recorded liquidations of 36970000 USD、30700000 USD, respectively; the above platforms were all dominated by long liquidations, with long positions accounting for more than 94%.
05
HTX Liquidations 20100000 USD, of which more than 94%were short positions, contrary to the overall direction.
06
ETH In the past approximately 1 hours, liquidations totaled approximately 135000000 USD, the largest volume;BTC followed closely behind, but the original text was truncated and did not display the complete amount.
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 when losses reach a certain level. The original text indicates that, during these 1 hours, the funds forcibly closed mainly came from long positions, showing that contract traders betting on price increases were more severely affected. Among the platforms, Binance disclosed the highest liquidation amount; by token,ETH had the largest liquidation volume.
Why it matters to readers
The occurrence of large-scale liquidations within a short period indicates concentrated deleveraging in the derivatives market. Long positions accounted for the overwhelming majority, meaning that long positions came under significantly greater pressure than short positions; however, the original text does not fully present price movements and subsequent data, so future trends cannot be inferred from this alone.
Beginners should note that contract leverage can amplify losses and trigger forced liquidation. These data describe short-term contract liquidations; they do not mean that spot assets have suffered permanent losses, nor can they serve alone as a basis for buying or selling.
Risks and unknowns
The original text was truncated, and the specific liquidation amount for BTC was not displayed in full.
The evidence only states that the data came from CoinGlass, but does not provide a link to the original CoinGlass data, so it cannot be independently verified using the available materials.
Related Developments
Loading event timeline…
The original text only says “October 8” and does not specify the year.
The methodology for the liquidation statistics, the scope of platforms covered, and whether the figures subsequently continued to increase are not specified.
Related concepts
Liquidation
This term is not in the glossary yet. Browse related concepts in the glossary.
