Past 24 hours, crypto-market liquidations totaled 143000000 USD, with both long and short positions liquidated
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AT A GLANCE
BlockBeats, citing Coinglass, reported that over the past 24 hours, liquidations across the entire network totaled 143000000 USD, with both long and short positions liquidated.
Article
Past 24 hours, liquidations across the entire network totaled 143000000 USD, with both long and short positions liquidated
BlockBeats reported that October 7, according to data from Coinglass, liquidations across the entire network totaled 24 over the past hours, 143000000 USD with long positions accounting for 65920000 USD and short positions accounting for 77280000 USD.
Original link https://m.theblockbeats.info/flash/370484
Key points
01
The date shown in the body is October 7。
02
BlockBeats stated that, according to Coinglass data, over the past 24 hours, liquidations across the entire network totaled 143000000 USD。
The following is analysis, separate from reported facts. Verify important claims independently.
“Liquidation” refers to the forced closure of a leveraged trade after losses reach a certain level. “Both long and short positions liquidated” means that both bullish long positions and bearish short positions experienced liquidation. The original data shows that the liquidation amount for short positions was higher than that for long positions, but it did not provide price or trading-volume data.
Why it matters to readers
Liquidation amounts reflect the scale of leveraged positions that were forcibly closed and can be used to observe short-term volatility and leverage risk in the crypto trading market. This set of liquidation data alone cannot confirm the market's subsequent price direction.
Beginners should note that leverage magnifies both gains and losses; liquidations on both sides indicate that betting in either direction may expose traders to the risk of forced liquidation.
Risks and unknowns
The original article did not include a snapshot of the original Coinglass data, so the relevant amounts cannot be independently verified from the evidence provided.
The original article did not specify the platforms, cryptocurrencies, or exact start and end times covered by the statistics.
The original article did not provide price, trading-volume, or open-interest data, so the price trend cannot be determined.
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Related concepts
Liquidation
This term is not in the glossary yet. Browse related concepts in the glossary.
A trading method that uses borrowed funds to establish a position larger than the trader’s own capital, thereby amplifying both potential gains and losses.