#Over $500 million liquidated in the crypto market.#
Hot Topic Overview
Overview
There has been a large-scale liquidation in the cryptocurrency market recently. The total liquidation amount across the entire network in the past 24 hours reached $552 million, with $459 million of long positions liquidated. Bitcoin saw the highest liquidation amount, reaching $125 million, accounting for 22.77% of the total liquidation amount. In addition, Ethereum also experienced a large-scale liquidation, with $26.47 million liquidated in the past hour, of which $21.84 million were long positions. This indicates that market sentiment is cautious, and investors are taking a wait-and-see attitude towards the future market trend, putting significant pressure on long positions.
Ace Hot Topic Analysis
Analysis
The cryptocurrency market has recently witnessed a large-scale liquidation, with data showing that the total liquidated amount across all contracts in the past 24 hours reached $552 million. Of this, $459 million was liquidated from long positions, indicating a dominant liquidation of longs. Specifically, BTC saw $125 million in liquidations, accounting for 22.77% of the total, while ETH saw $7.7 million in liquidations, representing 29.09% of the total. This suggests that the market has been experiencing significant volatility, leading to heavy losses for long positions and resulting in widespread liquidations. This is linked to the recent decline in Bitcoin and Ethereum prices, with Bitcoin dropping 2.23% and Ethereum falling 0.94% in the past 24 hours. This market volatility has amplified investor fear, forcing them to close their positions, ultimately leading to liquidations.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
The cryptocurrency market recently experienced a large-scale liquidation, with a total amount exceeding $552 million.
Liquidations were mainly dominated by long positions, indicating a strong bullish sentiment in the market, but the market volatility is high, and the risk is also high.
BTC and ETH were the main cryptocurrencies liquidated, with $125 million and $7.7 million liquidated respectively.
Data is for reference only, actual situation may vary.