#Cryptocurrency market crashes, losing $683 million#
Hot Topic Overview
Overview
A massive margin call occurred in the crypto market recently, with a total of $683 million in liquidated contracts across the entire network in the past 24 hours. Long positions accounted for the majority of the liquidations. ETH liquidations reached $165 million, representing 24.22% of the total. In the past hour, the total liquidated contracts across the network amounted to $10.57 million, with short positions accounting for the majority. BTC liquidations reached $2.97 million, representing 28.08% of the total.
Ace Hot Topic Analysis
Analysis
There have been large-scale liquidations in the cryptocurrency market recently. According to statistics, the total amount of contract liquidations across the entire network reached $683 million in the past 24 hours, with long positions dominating at $485 million. Ethereum (ETH) has become a major victim of liquidations, with a total liquidation amount of $165 million, accounting for 24.22% of the total liquidation amount. It is worth noting that in the past hour, the total amount of contract liquidations across the network also reached $10.57 million, with short positions dominating at $9.38 million. Bitcoin (BTC) saw $2.97 million in liquidations, accounting for 28.08% of the total liquidation amount. The main reason for this liquidation event is likely due to the intense market volatility, which has led some investors to make mistakes during operations, ultimately resulting in liquidations. Investors should operate cautiously when engaging in contract trading, control risk, and avoid similar liquidation events.
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Public Sentiment
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Classic Views
In the past 24 hours, the total amount of liquidated contracts across the entire network has reached $683 million, mainly due to long positions being liquidated.
ETH, in the past 24 hours, has experienced a significant price drop, resulting in $165 million in liquidated contracts, accounting for 24.22% of the total.
In the past hour, the total amount of liquidated contracts across the entire network has reached $10.57 million, mainly due to short positions being liquidated.
BTC, in the past hour, has experienced a liquidation amount of $2.97 million, accounting for 28.08% of the total.