Summary of Last 24 Hour Crypto Perpetual Futures Forced Liquidations
CryptoNewsTerminal Staff12 Aug, 2024
Summary of Last 24 Hour Crypto Perpetual Futures Forced Liquidations
Last 24 Hour Crypto Perpetual Futures Forced Liquidation Amount Over the past 24 hours, the total amount of forced liquidations in the crypto perpetual futures market has reached significant levels. Here is a breakdown of the liquidation amounts and ratios for the top three cryptocurrencies: BTC (Bitcoin) Liquidation amount: $54.94 million Long liquidations: $25.54 million Short liquidations: $29.40 million Liquidation ratio: 53.51% (short) ETH (Ethereum) Liquidation amount: $41.00 million Long liquidations: $18.14 million Short liquidations: $22.86 million Liquidation ratio: 55.75% (short) SOL (Solana) Liquidation amount: $16.13 million Long liquidations: $6.04 million Short liquidations: $10.09 million Liquidation ratio: 62.53% (short) These figures indicate a substantial number of traders being forced to close their positions due to adverse price movements. The high liquidation ratio for short positions on SOL suggests that traders betting on a price decline may have faced significant losses. It's important to note that forced liquidations can impact market volatility and lead to further price fluctuations.
