#ETH liquidations exceed $400 million#
Hot Topic Overview
Overview
The recent sharp decline in ETH prices has led to a large number of contract liquidations. Data shows that the total amount of contract liquidations across the network reached $461 million in the past 24 hours, with $412 million in long positions liquidated and $98.52 million in ETH liquidations, accounting for 21.36%. In the past hour, the total amount of contract liquidations across the network reached $22.99 million, with $12.42 million in ETH liquidations, accounting for 54.04%. This indicates that the decline in ETH prices has had a significant impact on the market, forcing many investors to close their positions and triggering market panic.
Ace Hot Topic Analysis
Analysis
The recent sharp decline in ETH prices has resulted in massive liquidations across the entire network. Data shows that total contract liquidations across the network reached $461 million in the past 24 hours, with $412 million in long liquidations and $98.52 million in ETH liquidations, accounting for 21.36% of the total liquidations. In the past hour, total contract liquidations across the network also reached $22.99 million, with $21.23 million in long liquidations and $12.42 million in ETH liquidations, accounting for 54.04% of the total liquidations. This indicates that the decline in ETH prices has had a significant impact on the market, leading to a large number of long liquidations. The main reason for this liquidation event is the sharp decline in ETH prices, which has led to long positions being liquidated. The decline in ETH prices may be due to a decline in overall confidence in cryptocurrencies and the recent high gas fees on the ETH network, which have increased transaction costs for users.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
ETH experienced a sharp decline, leading to a large number of long positions being liquidated.
In the past 24 hours, the total amount of liquidated contracts across the entire network exceeded $461 million, with over $412 million in long positions liquidated.
ETH liquidations were mainly concentrated in long positions, indicating a high level of bullish sentiment towards ETH prices in the market, but the price decline forced longs to close their positions.
The ETH liquidation event reminds investors to pay attention to risk control, avoid excessive leverage operations, and prevent the risk of liquidation.