24-Hour Cryptocurrency Perpetual Contracts Liquidation Volume
CryptoNewsTerminal Staff07 Jun, 2024
24-Hour Cryptocurrency Perpetual Contracts Liquidation Volume
24-Hour Cryptocurrency Perpetual Contracts Liquidation Volume and Ratio The cryptocurrency market has experienced high volatility in recent weeks, leading to a surge in liquidations for perpetual futures contracts. Here's a summary of the 24-hour liquidation volumes and ratios for major cryptocurrencies: BTC Liquidations: - Liquidation Volume: $22.9 million - Longs Liquidated: $18.11 million (79.1%) - Shorts Liquidated: $4.79 million (20.9%) ETH Liquidations: - Liquidation Volume: $22.89 million - Longs Liquidated: $22.08 million (96.46%) - Shorts Liquidated: $810,000 (3.54%) SOL Liquidations: - Liquidation Volume: $4.77 million - Longs Liquidated: $4.68 million (98.08%) - Shorts Liquidated: $90,000 (1.92%) These figures indicate that a significant majority of liquidations have occurred among longs (positions betting on price increases) across all three cryptocurrencies. The high Long Liquidation Ratios suggest that the recent market downturn has caught many traders off guard, resulting in substantial losses.
