Past 24 hours saw total network-wide contract liquidations 348000000 USD, with both long and short positions liquidated
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AT A GLANCE
According to CoinGlass data, over the past 24 hours, total network-wide contract liquidations amounted to 348000000 USD, with both long and short positions liquidated.
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Past 24 hours saw total network-wide contract liquidations 348000000 USD, with both long and short positions liquidated
PANews October 12 reported that, according to CoinGlass data, over the past 24 hours, total network-wide contract liquidations in the cryptocurrency market amounted to 348000000 USD, including 195000000 USD in long-position liquidations, 152000000 USD。BTC Total liquidation amount 83564000 USD，ETH Total liquidation amount 76461800 USD. The largest single liquidation occurred on HYPERLIQUID-BTC-USD, valued at 4888300 USD。
PANews reported that, according to CoinGlass data, over the past 24 hours, total network-wide contract liquidations in the cryptocurrency market amounted to 348000000 USD。
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Long-position liquidations amounted to 195000000 USD, while short-position liquidations amounted to 152000000 USD。
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BTC The total liquidation amount was 83564000 USD。
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ETH The total liquidation amount was 76461800 USD。
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The largest single liquidation occurred on HYPERLIQUID-BTC-USD, valued at 4888300 USD。
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
“Liquidation” refers to a contract position being forcibly closed when losses reach the applicable conditions. The original text shows that both long and short positions experienced substantial liquidations over the past 24 hours.
Why it matters to readers
These data indicate that concentrated liquidations occurred in the cryptocurrency contract market during the statistical period, but the original text does not specify price movements, triggering causes, or subsequent effects.
Beginners may treat liquidation amounts as an indicator for observing the risks of contract trading, but this data alone cannot determine whether the market will rise or fall next.
Risks and unknowns
The data were relayed by PANews from CoinGlass; the original text provides no independent verification results.
The liquidation amounts for long and short positions add up to 347000000 USD, which differs from the 348000000 USD total by 1000000 USD. The difference may involve rounding or unlisted items; the original text does not explain it.
The liquidation data are a snapshot covering the past 24 hours; the original text does not specify the statistical cutoff time.
The original text does not specify the specific causes of the liquidations or their effects on subsequent market movements.
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Related concepts
Liquidation
This term is not in the glossary yet. Browse related concepts in the glossary.
