Over $1 Billion in Crypto Futures Positions Liquidated in Past 24 Hours
CryptoNewsTerminal Staff05 Aug, 2024
Over $1 Billion in Crypto Futures Positions Liquidated in Past 24 Hours
According to data from Coinglass, a total of $1.04 billion worth of futures positions were liquidated across the crypto market in the past 24 hours. This is a significant increase from the previous day, when liquidations totaled just $500 million. The majority of the liquidations, $900 million, came from long positions, while the remaining $142 million came from short positions. The data shows that the crypto market is still highly volatile, and traders should be aware of the risks involved in trading futures contracts.
