24h Crypto Perpetual Futures Liquidation: A Market Overview
CryptoNewsTerminal Staff21 May, 2024
24h Crypto Perpetual Futures Liquidation: A Market Overview
24h Crypto Perpetual Futures Liquidation In the fast-paced realm of cryptocurrencies, perpetual futures contracts allow traders to speculate on the future price of digital assets with leverage. Liquidations occur when a trader's margin balance falls below a certain threshold, leading to the forced closure of their positions. Liquidation Statistics In the past 24 hours, the total liquidation value across major crypto perpetual futures exchanges stands at: - BTC: $103.07 million (86.02% shorts liquidated) - ETH: $115.18 million (75.29% shorts liquidated) - SOL: $23.43 million (87.1% shorts liquidated) Key Observations - Shorts, or traders betting on price declines, accounted for a significant majority of liquidations. - The high liquidation ratio indicates that a substantial amount of selling pressure was exerted on the market. - These liquidations can trigger further price declines and volatility. Traders should exercise caution when utilizing leverage and monitor their positions carefully to avoid potential liquidations.
