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BlockBeats, citing Coinglass, reported that over the past 24 hours, total network liquidations reached 63990000 USD, mainly involving short liquidations.
⚡️Past 24 hours saw liquidations across the entire network 63990000 USD, mainly short liquidations
BlockBeats reports that October 5, according to Coinglass data, over the past 24 hours, total network liquidations reached 63990000 USD, with long liquidations totaling 20450000 USD and short liquidations totaling 43540000 USD.
Original link https://m.theblockbeats.info/flash/370244
BlockBeats reported that October 5, according to Coinglass data, over the past 24 hours, total network liquidations reached 63990000 USD。
of which long liquidations totaled 20450000 USD。
of which short liquidations totaled 43540000 USD。
The amount of short liquidations exceeded that of long liquidations.
The following is analysis, separate from reported facts. Verify important claims independently.
“Liquidation” is the core event described in this report. According to the data, short liquidations totaled 43540000 USD and long liquidations totaled 20450000 USD, so the headline states that short positions were mainly liquidated.
These data show the total liquidations over the past 24 hours and the distribution of amounts between long and short positions, and can be used to observe which type of position experienced more liquidations during that period.
Beginners can first focus on the total liquidation amount and the long-short distribution, but should not infer price trends or subsequent market direction based solely on these data.
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