24-Hour Cryptocurrency Perpetual Contract Liquidation Snapshots

IconCryptoNewsTerminal Staff26 Jul, 2024

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24-Hour Cryptocurrency Perpetual Contract Liquidation Snapshots

Cryptocurrency perpetual contracts have witnessed a recent surge in trading volume. The top three cryptocurrencies with the highest liquidation volumes in the past 24 hours are Bitcoin (BTC), Ethereum (ETH), and MEW. BTC recorded a liquidation volume of $23.2 million, with long positions accounting for $6.42 million and short positions accounting for $16.78 million. The liquidation ratio for BTC stood at 72.31% for shorts. ETH's liquidation volume was $15.22 million, with $5.56 million in long liquidations and $9.66 million in short liquidations. The liquidation ratio for ETH shorts was 63.45%. MEW had a liquidation volume of $2.15 million, with $0.86 million in long liquidations and $1.28 million in short liquidations. The MEW liquidation ratio for shorts was 59.78%. These statistics indicate that the cryptocurrency market is experiencing a period of volatility, with traders actively managing their positions.

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