24-Hour Cryptocurrency Perpetual Future Market Overview: Liquidations and Ratios

24-Hour Cryptocurrency Perpetual Future Market Overview: Liquidations and Ratios

The cryptocurrency perpetual futures market witnessed a significant amount of liquidations over the past 24 hours. The liquidation volume and ratio for the top three cryptocurrencies by market capitalization, Bitcoin (BTC), Ethereum (ETH), and Solana (SOL), are as follows: BTC Liquidation volume: $68.29 million Long liquidations: $38.51 million Short liquidations: $29.78 million Liquidation ratio: 56.39% (long) ETH Liquidation volume: $52.75 million Long liquidations: $28.52 million Short liquidations: $24.22 million Liquidation ratio: 54.07% (long) SOL Liquidation volume: $13.79 million Long liquidations: $5.92 million Short liquidations: $7.87 million Liquidation ratio: 57.08% (short) Overall, the liquidation ratio for long positions was higher for both BTC and ETH, indicating that a majority of the liquidations were on long positions. Conversely, the liquidation ratio for SOL was higher for short positions, suggesting that more short positions were liquidated. It's important to note that these liquidation volumes and ratios can fluctuate rapidly, especially during periods of high volatility in the cryptocurrency market. Traders should be aware of these potential risks and manage their positions accordingly.