24H Crypto Perpetual Liquidation Volume Hits $73.85 Million
CryptoNewsTerminal Staff10 Sep, 2024
24H Crypto Perpetual Liquidation Volume Hits $73.85 Million
The 24h crypto perpetual futures forced liquidation volume surpassed $73 million, with Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) accounting for a significant portion of the liquidations. BTC Liquidations BTC's liquidations totaled $47.27 million, with longs accounting for $24.76 million and shorts for $22.51 million. The liquidation ratio for longs stood at 52.39%. ETH Liquidations ETH's liquidations amounted to $21.77 million, with longs totaling $10.67 million and shorts $11.10 million. The liquidation ratio for shorts was 50.99%. SOL Liquidations SOL's liquidations reached $4.81 million, with longs accounting for $2.16 million and shorts for $2.65 million. The liquidation ratio for shorts was 55.03%. These liquidations highlight the volatility and risk associated with crypto perpetual futures trading. Traders should exercise caution and manage their risk exposure carefully.
