Liquidation Value of Cryptocurrency Perpetual Contracts in the Last 24 Hours

IconCryptoNewsTerminal Staff23 May, 2024

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Liquidation Value of Cryptocurrency Perpetual Contracts in the Last 24 Hours

The liquidation scale and liquidation ratio of cryptocurrency perpetual contracts in the recent 24 hours are as follows: Bitcoin (BTC) - Liquidation value: $29.03 million - Long: $19.65 million (67.69%) - Short: $9.38 million (32.31%) Ethereum (ETH) - Liquidation value: $42.98 million - Long: $24.87 million (57.88%) - Short: $18.10 million (42.12%) Solana (SOL) - Liquidation value: $9.06 million - Long: $6.10 million (67.31%) - Short: $2.96 million (32.69%) These figures indicate that a significant amount of long positions have been liquidated in the past 24 hours. This could be due to a number of factors, such as a drop in the price of cryptocurrencies or increased volatility in the market. It is important to note that liquidation can be a risky event, as it can result in the loss of funds. Traders should be aware of the risks involved before entering into any cryptocurrency perpetual contracts.

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