24-Hour Cryptocurrency Perpetual Futures Forced Liquidation Summary

IconCryptoNewsTerminal Staff28 Jul, 2024

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24-Hour Cryptocurrency Perpetual Futures Forced Liquidation Summary

24-Hour Cryptocurrency Perpetual Futures Forced Liquidation Summary In the past 24 hours, the cryptocurrency market has experienced significant volatility, leading to forced liquidations in perpetual futures contracts. The total amount and ratio of forced liquidations for the top three cryptocurrencies (BTC, ETH, SOL) are as follows: BTC Liquidation amount: $24.72 million Long liquidation: $6.33 million Short liquidation: $18.39 million Liquidation ratio: Short 74.38% ETH Liquidation amount: $13.41 million Long liquidation: $3.49 million Short liquidation: $9.92 million Liquidation ratio: Short 73.96% SOL Liquidation amount: $6.32 million Long liquidation: $1.31 million Short liquidation: $5.01 million Liquidation ratio: Short 79.22% These figures indicate that a majority of the forced liquidations occurred on short positions, suggesting that traders were caught off guard by the recent market rally. The high liquidation ratios highlight the potential risks involved in leveraged trading and the importance of managing risk effectively.

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