Liquidation of cryptocurrency Futures Contract across the network reached $224 million in the last 24 hours, with Short positions liquidated at $169 million and Longing at $55.0274 million.
CoinAnk data shows that liquidation pressure is more concentrated on the Short side, while both BTC and ETH recorded significant liquidation volumes during the same 24-hour period.
- Total cryptocurrency futures liquidation: $224 million/24 hours.
- Short positions liquidated: $169 million; Longing: $55.0274 million.
- Liquidation by asset: BTC $50.6995 million; ETH $65.7914 million.
Network-wide futures liquidation: $224 million in 24 hours
The total value of cryptocurrency Futures Contract liquidations across the network reached $224 million in the last 24 hours.
Specifically, the liquidation of Longing positions amounted to $55.0274 million, while the liquidation of Short positions reached $169 million. This difference indicates that the majority of the orders being wiped out came from bearish bets during the same period.
The scale of the liquidation reflects significant volatility in the cryptocurrency Derivative market, as a large number of leveraged positions were forced to close due to failure to meet margin requirements.
BTC and ETH lead liquidation by asset type.
Over the past 24 hours, BTC recorded $50.6995 million in liquidations, while ETH recorded $65.7914 million.
In absolute terms, ETH had higher liquidation rates than BTC during the same period. These two assets accounted for a significant portion of the total $224 million in liquidations across the entire Futures Contract market.
The data is compiled from CoinAnk and reflects liquidation activity at the network level, including both Longing and Short positions, over the last 24 hours.
