Over the past 24 hours, cryptocurrency contract liquidations reached 494000000 USD, with long positions accounting for the majority
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AT A GLANCE
PANews, citing CoinGlass data, reported that over the past 24 hours, total contract liquidations across the entire network reached 494000000 USD, with long positions accounting for the majority.
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Over the past 24 hours, total contract liquidations across the entire network reached 494000000 USD, with long positions being the primary liquidations
PANews November 11 report, CoinGlass data shows that over the past 24 hours, total contract liquidations across the cryptocurrency market reached 494000000 USD, of which long position liquidations were 364000000 USD and short position liquidations were 131000000 USD. Total BTC liquidations amounted to 136000000 USD, total ETH liquidations amounted to 152000000 USD. The largest single liquidation occurred on HTX-ETH-USDT, valued at 31517000 USD.
PANews reported that CoinGlass data shows total contract liquidations across the entire cryptocurrency market over the past 24 hours reached 494000000 USD.
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Of these, long position liquidations were 364000000 USD, and short position liquidations were 131000000 USD.
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Total BTC liquidations amounted to 136000000 USD, ETH to 152000000 USD.
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The largest single liquidation occurred on HTX-ETH-USDT, valued at 31517000 USD.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
Contract liquidation refers to leveraged trading positions being forcibly closed due to insufficient margin. The data in the report indicates that long position liquidations exceeded short position liquidations; these figures reflect positions closed over the past 24 hours and do not indicate that prices will necessarily rise or fall afterward.
Why it matters to readers
Liquidation amounts and the long/short distribution can help observe the impact on leveraged positions, but this report itself cannot determine the subsequent market direction.
Beginners can view liquidation data as an observational indicator of market leverage risk rather than a buy/sell signal; the data source in the report is CoinGlass, and no independent verification is provided in the material.
Risks and unknowns
The liquidation data is a relay of CoinGlass data by the report, and no independent verification is provided in the material.
Summing different amounts may involve rounding differences; the material does not specify the statistical methodology.
Liquidation data itself cannot indicate the subsequent price trend.
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Related concepts
Contract liquidation: leveraged positions are forcibly closed due to insufficient margin.
This term is not in the glossary yet. Browse related concepts in the glossary.
