Large-scale coin liquidations occur, market volatility intensifies

robot
Abstract generation in progress

Large-scale coin liquidations are occurring across the entire network within the past hour. According to the latest data from CoinGlass, a total of $50,053,300 in positions are being settled, and market volatility is becoming more pronounced.

BTC-led Liquidations, Structural Pressure Intensifies

Bitcoin liquidations are at the center of the market. Over the past hour, $20.69 million in BTC positions have been liquidated, accounting for approximately 41% of the total liquidation volume. Simultaneously, the network is experiencing $49 million in long position liquidations and $1.05 million in short position liquidations. The fact that most of the liquidations are longs suggests that profit-taking pressure during the rally is impacting the market.

ETH and Other Altcoin Liquidation Status

Following Bitcoin, Ethereum has also recorded significant liquidation volume. ETH positions worth $8.46 million have been liquidated, making it the second-largest amount after BTC. This indicates that coin liquidations are primarily focused on major coins.

Market Implications and Future Outlook

These large-scale position liquidations reflect market participants’ profit-taking and risk management activities. The dominance of long position liquidations suggests that short-term price volatility is likely to continue. Investors should be cautious and prepare for market fluctuations while managing their positions.

BTC1,15%
ETH1,81%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)