24-Hour Cryptocurrency Future Liquidation Size and Ratio
CryptoNewsTerminal Staff27 May, 2024
24-Hour Cryptocurrency Future Liquidation Size and Ratio
Cryptocurrency futures liquidation size in the last 24 hours hit $12.94 million for BTC, $23.82 million for ETH, and $5.27 million for SOL. The liquidation ratio for the period was 62.37% short for BTC, 81.33% short for ETH, and 56.58% long for SOL. These liquidations occur when traders use excessive leverage and their positions are closed out by the exchange to minimize risk. Monitoring liquidation data can provide insights into market sentiment and potential price movements in cryptocurrencies.
