According to ChainCatcher, data from Coinglass shows that the total liquidation value across the entire network in the past 24 hours reached $503 million, with long positions liquidated amounting to $284 million and short positions liquidated totaling $219 million. Specifically, long BTC positions were liquidated for $109 million, while short BTC positions were liquidated for $37.2646 million. Long ETH positions were liquidated for $49.1351 million, and short ETH positions were liquidated for $76.7472 million. Additionally, in the past 24 hours, a total of 136,130 traders were liquidated globally, with the largest single liquidation occurring on Hyperliquid - BTC-USD, valued at $11.2795 million.
Global Liquidations Reach $503M in 24 Hours, Longs Outpace Shorts
KuCoinFlashShare
Summary
Technical analysis for crypto suggests a bullish short-term trend as global liquidations reached $503 million within 24 hours, with long positions outpacing short ones. Long positions accounted for $284 million, including $109 million in Bitcoin and $49.14 million in Ethereum. A total of 136,130 traders were liquidated, with the largest single liquidation event amounting to $11.28 million on Hyperliquid-BTC-USD. Value investing in crypto continues to be a key strategy amid volatile market conditions.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.