The cryptocurrency market recorded a total liquidation contract value of 137 million USD in the past 24 hours.
Among them, Longing positions were liquidated at 81.4 million USD, while Short positions were 55.7 million USD. Bitcoin and Ethereum in particular occupy a large proportion of this event, with 6 million USD and 41.1 million USD being liquidated respectively.
- Total liquidation contracts across the cryptocurrency market reached 137 million USD in 24 hours.
- Longing positions were liquidated more than Short positions, at 81.4 million USD and 55.7 million USD respectively.
- Ethereum was liquidated the most with over 41 million USD, Bitcoin ranked second with 6 million USD.
What is the total liquidation contract value in the cryptocurrency market?
The latest data shows that the total number of contracts liquidated across the cryptocurrency market within 24 hours reached 137 million USD.
Based on Coinglass data on July 27, this liquidation reflects the strong volatility of the cryptocurrency market in the current period. Analysts suggest this is a warning signal about the potential for significant short-term price adjustments.
This number includes both Longing and Short positions across multiple major cryptocurrencies, demonstrating investors' cautious sentiment with increasing market risks.
Why were Longing positions liquidated more than Short positions?
Data shows Longing positions were liquidated up to 81.4 million USD, significantly higher than Short positions at only 55.7 million USD.
This indicates that most investors expected prices to rise but encountered contrary movements, leading to strong liquidation of buying positions. This is a common situation in cryptocurrency markets when selling pressure increases significantly.
Financial expert Nguyen Minh Hai notes: "Liquidation of Longing positions typically occurs during market technical adjustments or sudden price pressure."
"The cryptocurrency market always harbors unpredictable fluctuations, so liquidating long-term positions must be carefully monitored to prevent risks."
Nguyen Minh Hai – Financial Expert, 2024
How were Bitcoin and Ethereum affected in this liquidation?
According to statistics, the total contract liquidation value for Bitcoin reached around 6 million USD, much lower than Ethereum's 41.1 million USD.
This is clear evidence that Ethereum is currently experiencing stronger impacts due to large investment portfolios concentrated in ETH or higher price volatility recently.
This information also reflects capital flow trends and different volatilities among top cryptocurrencies in the market, helping investors adjust appropriate strategies.
"Ethereum is always the most stable volatility focal point due to its robust ecosystem and high liquidity, so ETH liquidations usually have larger market impacts."
Tran Van Nam – CEO of Cryptocurrency Financial Investment Company, 2024
Frequently Asked Questions
What does total contract liquidation mean for investors?
Total contract liquidation reflects large selling pressure and price fluctuations in the market, helping investors assess short-term risks.
Why was Ethereum liquidated more than Bitcoin?
Ethereum has higher volatility and a broader ecosystem, leading to large liquidation amounts when prices fluctuate significantly.
How do Longing and Short positions differ in contract liquidation?
Longing positions expect price increases, Short positions expect price decreases; which position gets liquidated depends on contrary price movements.
How do contract liquidations affect cryptocurrency prices?
Contract liquidations create significant selling pressure, potentially pushing prices down quickly or rising sharply if Short liquidations occur.
How can investors reduce contract liquidation risks?
Investors should manage risks, use reasonable leverage, and closely monitor market developments to avoid unwanted liquidations.
