SPCX Ranks Third in Crypto Liquidations After Bitcoin and Ethereum

SPCX, a perpetual futures product tracking SpaceX stock price, ranked third in single-asset liquidations after Bitcoin and Ethereum during a 24-hour period as of 4 PM on the 18th, according to CoinGlass liquidation heatmap data. The product recorded $19.4 million in liquidations during this timeframe. Market observers attribute the elevated liquidation volume to increased leverage unwinding as SPCX has established itself as one of the stock-linked perpetual futures products, with volatility expansion driving higher liquidation activity.

Total Market Liquidations Reach $492.56 Million

As of 4 PM on the 18th, total market liquidations reached $492.56 million over the 24-hour period, according to CoinGlass liquidation heatmap data. Long position liquidations accounted for $369.03 million, while short position liquidations totaled $123.53 million.

Bitcoin recorded the largest liquidation volume at $161.23 million, followed by Ethereum at $123.11 million.

CoinGlass liquidation heatmap. Source: CoinGlass

SPCX Records $19.4 Million in 24-Hour Liquidations

SPCX's 24-hour liquidation volume reached $19.4 million, placing it third among single assets behind Bitcoin and Ethereum. The perpetual futures product, which tracks the NASDAQ-listed SpaceX ticker (SPCX), surpassed major altcoins including XRP, DOGE, SUI, and WLD in liquidation volume.

NASDAQ-listed SpaceX ticker (SPCX) image. Source: NASDAQ X

CoinGlass liquidation heatmap. Source: CoinGlass

FAQ

What liquidation volume did SPCX record in the 24-hour period?

SPCX recorded $19.4 million in liquidations during the 24-hour period as of 4 PM on the 18th, according to CoinGlass liquidation heatmap data.

How did SPCX's liquidation volume compare to major cryptocurrencies?

SPCX ranked third in single-asset liquidations behind Bitcoin ($161.23 million) and Ethereum ($123.11 million), surpassing major altcoins including XRP, DOGE, SUI, and WLD during the same 24-hour period.

What is SPCX?

SPCX is a perpetual futures product that tracks the price of SpaceX stock listed on NASDAQ under the ticker SPCX.