#Over $500 million liquidated in the crypto market.#
Hot Topic Overview
Overview
The recent cryptocurrency market has witnessed a large-scale liquidation, with a total of $552 million liquidated across the entire network in the past 24 hours. Of this, $459 million was liquidated from long positions, primarily concentrated in BTC and ETH. BTC liquidation reached $125 million, accounting for 22.77%, while ETH liquidation amounted to $7.7 million, representing 29.09%. This indicates a pessimistic market sentiment, with investors adopting a cautious stance towards future market trends, leading to a significant reduction in long positions and ultimately triggering a liquidation wave.
Ace Hot Topic Analysis
Analysis
There has been a large-scale liquidation in the cryptocurrency market recently. Data shows that the total liquidation amount across all contracts in the past 24 hours reached $552 million, with long positions accounting for the majority at $459 million. BTC liquidation amounted to $125 million, representing 22.77% of the total liquidation amount. Additionally, the total liquidation amount across all contracts in the past hour reached $26.47 million, with long positions accounting for $21.84 million. ETH liquidation amounted to $7.7 million, representing 29.09% of the total liquidation amount. This indicates that the market has been experiencing significant volatility recently. Investors need to be cautious in their operations, control risks, avoid excessive leverage, and prevent liquidation.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Recently, there has been a large-scale margin call in the cryptocurrency market, with a total amount exceeding $500 million.
The margin call is mainly concentrated on 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 are the main cryptocurrencies that have been margin called, with $125 million and $7.7 million respectively.
Data is for reference only and does not constitute investment advice.