Crypto Liquidations Reach $669M as Market Volatility Spikes

06 December, 2024, 02:30 AM

The liquidation scale and liquidation rate of crypto perpetual contracts in the last 24H were significant: - BTC: $532.9 million (long $424.56 million, short $108.34 million) liquidation ratio: long 79.67% - ETH: $93.95 million (long $70.43 million, short $23.52 million) liquidation ratio: long 74.96% - XRP: $42.42 million (long $33.30 million, short $9.13 million) liquidation ratio: short 78.49% These liquidations highlight the volatility in the crypto market, fueled by factors such as macroeconomic conditions, regulatory uncertainty, and geopolitical tensions. Traders should exercise caution and manage their risk exposure accordingly.