24-hour Liquidation Volume and Ratio of Cryptocurrency Perpetual Futures
CryptoNewsTerminal Staff05 Jun, 2024
24-hour Liquidation Volume and Ratio of Cryptocurrency Perpetual Futures
The 24-hour liquidation volume and liquidation ratio of cryptocurrency perpetual futures are as follows: - BTC liquidation volume: $34.11 million (long $6.65 million, short $27.45 million) liquidation ratio: short 80.49% - ETH liquidation volume: $16.47 million (long $4.35 million, short $12.12 million) liquidation ratio: short 73.57% - NOT liquidation volume: $7.75 million (long $3.82 million, short $3.93 million) liquidation ratio: short 50.67% Cryptocurrency perpetual futures are a type of futures contract that allows traders to speculate on the future price of a cryptocurrency without having to take physical delivery of the underlying asset. Liquidation occurs when a trader's margin balance falls below a certain level, and their position is automatically closed by the exchange. The liquidation volume and liquidation ratio provide insights into the market sentiment and the level of risk that traders are taking. A high liquidation volume indicates that a large number of traders are being liquidated, which can be a sign of market volatility or uncertainty. A high liquidation ratio indicates that a majority of traders are being liquidated on the short side, which can be a sign of a bearish market.
