24-Hour Cryptocurrency Perpetual Futures Liquidation Data: A Market Overview

IconCryptoNewsTerminal Staff10 Jul, 2024

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24-Hour Cryptocurrency Perpetual Futures Liquidation Data: A Market Overview

The perpetual futures market has witnessed significant liquidation activity over the past 24 hours. Notable liquidations include: - BTC Liquidation: $33.22 million (Long: $15.88 million, Short: $17.34 million), with Shorts accounting for 52.2% of liquidations. - ETH Liquidation: $30.04 million (Long: $20.80 million, Short: $9.24 million), experiencing a Long liquidation ratio of 69.23%. - SOL Liquidation: $5.72 million (Long: $1.65 million, Short: $4.07 million), indicating a Short liquidation ratio of 71.21%. These liquidations reflect market volatility and shifts in trader sentiment. Long liquidations occur when traders who bought futures contracts are forced to sell due to price drops, while short liquidations occur when traders who sold futures contracts are forced to buy due to price increases. Monitoring liquidation data provides insights into market sentiment, risk appetite, and potential trading opportunities. Traders can use this information to adjust their strategies and make informed decisions. It's important to note that liquidation data can vary across different exchanges, and traders should consider multiple sources before making trading decisions.

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