Real-Time Cryptocurrency Liquidation Update: 24-Hour Data Highlights Long Positions Dominance
CryptoNewsTerminal Staff28 May, 2024
Real-Time Cryptocurrency Liquidation Update: 24-Hour Data Highlights Long Positions Dominance
The cryptocurrency market witnessed notable liquidation activity over the past 24 hours, particularly in perpetual futures contracts. Here's a summary of the forced liquidation scale and liquidation ratio: Bitcoin (BTC): Total Liquidation: $16.04 million Long Liquidation: $9.16 million Short Liquidation: $6.88 million Liquidation Ratio: Long 57.09% Ethereum (ETH): Total Liquidation: $29.60 million Long Liquidation: $19.34 million Short Liquidation: $10.26 million Liquidation Ratio: Long 65.34% Notional (NOT): Total Liquidation: $5.84 million Long Liquidation: $3.57 million Short Liquidation: $2.27 million Liquidation Ratio: Long 61.08% These figures indicate a significant dominance of long positions in the market, meaning that more traders were betting on rising cryptocurrency prices. The liquidation ratio, which represents the percentage of long positions that were liquidated compared to short positions, further supports this trend. It's important to note that these liquidation events can have a short-term impact on market prices, potentially leading to volatility. However, they also provide valuable insights into market sentiment and trading behavior.
