Significant Liquidations Recorded in 24-Hour Cryptocurrency Perpetual Futures Market

IconCryptoNewsTerminal Staff13 Jun, 2024

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Significant Liquidations Recorded in 24-Hour Cryptocurrency Perpetual Futures Market

The recent 24-hour trading period has witnessed substantial forced liquidations in the cryptocurrency perpetual futures market. The scale and liquidation ratios for major cryptocurrencies are as follows: 1. Bitcoin (BTC): The total liquidation scale reached $52.38 million, with $26.19 million in long positions and $26.19 million in short positions being liquidated. The liquidation ratio for long positions stood at 50%. 2. Ethereum (ETH): The liquidation scale amounted to $49.84 million, with $29.28 million in long positions and $20.56 million in short positions facing liquidation. The liquidation ratio for long positions was 58.76%. 3. Solana (SOL): The liquidation scale was significantly lower at $7.83 million, with $4.35 million in long positions and $3.48 million in short positions being liquidated. The liquidation ratio for long positions was 55.55%. These liquidations highlight the volatile nature of the cryptocurrency market and the risks involved in leveraged trading. Traders should exercise caution and manage their risk exposure accordingly.

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