Liquidation Value of Perpetual Contracts in the Past 24 Hours
CryptoNewsTerminal Staff22 Aug, 2024
Liquidation Value of Perpetual Contracts in the Past 24 Hours
The liquidation value of perpetual contracts in the past 24 hours has been significant, with a total of $24.9 million in liquidations across Bitcoin (BTC), Ethereum (ETH), and Solana (SOL). BTC recorded liquidations worth $14.99 million, with long liquidations accounting for $7.79 million and short liquidations at $7.20 million, resulting in a liquidation rate of 51.95% for longs. ETH liquidations totaled $8.73 million, with $5.25 million in long liquidations and $3.48 million in short liquidations, indicating a liquidation rate of 60.13% for longs. SOL witnessed substantial long liquidations of $4.2 million, compared to short liquidations of $7.6 million, leading to a high liquidation rate of 64.34% for shorts. These liquidation values reflect the volatility and risk associated with perpetual contracts, emphasizing the importance of sound trading strategies and risk management to mitigate potential losses. Traders should be aware of the potential for liquidations and adjust their positions accordingly.
