The Scale of Forced Clearing of 24-Hour Cryptocurrency Perpetual Futures
CryptoNewsTerminal Staff04 Jun, 2024
The Scale of Forced Clearing of 24-Hour Cryptocurrency Perpetual Futures
The scale and clearing ratio of cryptocurrency perpetual futures forced clearing in the past 24 hours are as follows: BTC clearing scale: $28.08 million (long $10.80 million, short $17.28 million) clearing ratio: short 61.53% ETH clearing scale: $35.95 million (long $31.73 million, short $4.22 million) clearing ratio: long 88.27% * NOT clearing scale: $9.34 million (long $4.86 million, short $4.48 million) clearing ratio: long 52.06% These figures indicate that a significant number of traders were forced to close their positions due to market volatility. The high clearing ratio for ETH suggests that there was a strong upward trend in the market, while the low clearing ratio for BTC indicates that there was a strong downward trend. Traders should be aware of the risks of trading perpetual futures and should exercise caution when entering into these contracts.
