#Crypto crash wipes out $228 million#
Hot Topic Overview
Overview
As of now, the total liquidation amount in the crypto market has reached $228 million, of which $228 million occurred in the past 24 hours and $12.54 million in the past hour. The liquidations are mainly concentrated on short positions, with $69.53 million and $3.36 million in BTC short positions liquidated respectively. This indicates a divergence in market sentiment towards the BTC price trend, with some investors betting on a price drop, but the eventual price rise resulted in the liquidation of short positions.
Ace Hot Topic Analysis
Analysis
Recently, there have been massive liquidations in the cryptocurrency market. Data shows that the total liquidation amount across all contracts in the past 24 hours reached $228 million, with $148 million of the liquidations coming from short positions, accounting for 65% of the total liquidations. The main reason for these liquidations is the sharp rise in Bitcoin prices, which triggered the forced closure of many short positions. Specifically, in the past hour, the total liquidation amount across all contracts reached $12.54 million, with $11.03 million coming from short positions, accounting for 88% of the total liquidations. Among them, the liquidation amount of Bitcoin was $3.36 million, accounting for 26.86% of the total liquidations. This indicates that the recent Bitcoin price fluctuations have been drastic, and investors should be cautious in their operations, control risks, and avoid liquidations.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Bitcoin price has surged recently, leading to a large number of short positions being liquidated.
In the past 24 hours, the total amount of liquidated contracts across the entire network has reached $228 million, with the majority of liquidations coming from short positions.
The main reason for the rise in Bitcoin price is the optimistic market sentiment, as investors are confident in the future price trend.
The phenomenon of short position liquidations reminds investors to be cautious and manage risks when the market is volatile.