Breaking: The Massive Liquidation in the Crypto Perpetual Contract Market
CryptoNewsTerminal Staff19 Aug, 2024
Breaking: The Massive Liquidation in the Crypto Perpetual Contract Market
The cryptocurrency market has experienced a significant amount of liquidation in the 24-hour perpetual contract market. The details are as follows: - BTC liquidation amount: $29.1 million (Long $7.52 million, Short $21.59 million) Liquidation ratio: Short 74.18% - ETH liquidation amount: $24.7 million (Long $16.66 million, Short $8.04 million) Liquidation ratio: Long 67.44% - SOL liquidation amount: $6.88 million (Long $4.41 million, Short $2.47 million) Liquidation ratio: Long 64.09% This surge in liquidations indicates a high level of volatility in the cryptocurrency market and can potentially impact the overall market sentiment. Traders and investors are advised to exercise caution and closely monitor market conditions before making any trading decisions.
