Crypto Perpetual Futures Liquidations: $123.82M Worth of Positions Liquidated in 24 Hours

Crypto Perpetual Futures Liquidations: $123.82M Worth of Positions Liquidated in 24 Hours

In the past 24 hours, a substantial amount of crypto perpetual futures positions have been liquidated. The total liquidation amount reached $123.82 million, with Bitcoin (BTC), Ethereum (ETH), and Perpetual Protocol (PEPE) accounting for the majority of the liquidations. BTC Liquidations: The total liquidation amount for BTC perpetual futures was $33.07 million, with long positions accounting for $22.76 million and short positions accounting for $10.31 million. This indicates that a larger number of traders were liquidated on their long positions, resulting in a liquidation ratio of 68.82% for long positions. ETH Liquidations: The liquidation amount for ETH perpetual futures was significantly higher, reaching $53.13 million. Of this amount, $19.51 million was liquidated on long positions, while $33.62 million was liquidated on short positions. This resulted in a liquidation ratio of 63.29% for short positions. PEPE Liquidations: PEPE perpetual futures also saw a significant amount of liquidations, with a total of $7.62 million liquidated. $1.61 million of this amount was liquidated on long positions, while $6.01 million was liquidated on short positions. The liquidation ratio for PEPE was 78.87% for short positions. These liquidations highlight the volatility and risk associated with crypto perpetual futures trading. Traders should be aware of the risks involved and manage their positions accordingly.