24-Hour Crypto Perpetual Futures Forced Liquidations: Market Overview
CryptoNewsTerminal Staff05 Sep, 2024
24-Hour Crypto Perpetual Futures Forced Liquidations: Market Overview
The cryptocurrency perpetual futures market experienced significant forced liquidations over the past 24 hours. Liquidation occurs when a trader's position is closed involuntarily due to insufficient collateral to cover losses. Key Liquidation Findings: - BTC (Bitcoin): - Liquidation Size: $32.92 million - Liquidation Rate: 75% (Longs) - ETH (Ethereum): - Liquidation Size: $15.83 million - Liquidation Rate: 71.83% (Longs) - SOL (Solana): - Liquidation Size: $5.93 million - Liquidation Rate: 76.43% (Longs) These figures indicate that a majority of liquidations were concentrated in Longs (positions betting on price increases) across major cryptocurrencies. The high liquidation rates suggest a trend of traders being forced out of their positions due to sudden market movements. The data highlights the volatility and risk associated with cryptocurrency futures trading. Traders should manage their positions carefully and consider the potential for forced liquidations in adverse market conditions.
