Over the past 24 hours, crypto market contract liquidations reached 172000000 USD, with short positions accounting for the majority
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AT A GLANCE
CoinGlass data shows that over the past 24 hours, total network-wide contract liquidations reached 172000000 USD, including short-position liquidations of 116000000 USD。
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Past 24 hours saw total network-wide contract liquidations 172000000 USD, with short positions accounting for the majority
PANews October 28 reported that, according to CoinGlass data, over the past 24 hours, total network-wide crypto market contract liquidations reached 172000000 USD, including long-position liquidations of 56141200 USD, and short-position liquidations of 116000000 USD。BTC Total liquidation amount 57596200 USD，ETH Total liquidation amount 29852500 USD. The largest single liquidation occurred on HYPERLIQUID-BTC-USD, valued at 6346800 USD。
PANews cited CoinGlass data as saying that over the past 24 hours, total network-wide crypto market contract liquidations reached 172000000 USD。
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Long-position liquidations 56141200 USD, while short-position liquidations totaled 116000000 USD。
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BTC Total liquidation amount: 57596200 USD，ETH Total liquidation amount: 29852500 USD。
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The largest single liquidation occurred on HYPERLIQUID-BTC-USD, valued at 6346800 USD。
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 position when it fails to meet requirements. The original text indicates that during the statistical period, the liquidation amount for short positions exceeded that for long positions;BTC and ETH each recorded contract liquidations on the scale of tens of millions USD.
Why it matters to readers
Liquidation data reflects the scale and long-short distribution of leveraged positions forcibly closed during the period and can be used to observe short-term risks in the contract market.
Beginners should note that contract trading involves leverage, which may trigger forced liquidation due to market changes; these figures do not equate to losses of funds in the spot market or predict future price movements.
Risks and unknowns
The original text only states that the data came from CoinGlass; it does not provide an original data snapshot or statistical methodology.
The specific start and end times of the “past 24 hours” were not specified.
The original text does not provide contemporaneous price changes, so subsequent trends cannot be determined solely from the liquidation data.
The specific time and position details of the largest single liquidation were not specified.
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Related concepts
Liquidation
This term is not in the glossary yet. Browse related concepts in the glossary.
