📊The cryptocurrency market has a 24-hour liquidation of $524 million, and long orders have suffered heavy losses!
In the past 24 hours, the contract trading in the cryptocurrency market has suffered a heavy blow, with a liquidation amount of up to $524 million, and the loss of long orders is particularly serious.
According to Coinglass data, in the past 24 hours, the contract trading liquidation amount of the entire cryptocurrency market has reached $524 million, which is a big number!
Specifically, the amount of long orders liquidated accounted for the majority, reaching $449 million, while the amount of short orders liquidated was $75.6764 million. This means that those bullish investors have suffered heavy losses this time.
Among these liquidations, the liquidation amount of Bitcoin (BTC) was $139 million and the liquidation amount of Ethereum (ETH) was $110 million. The liquidation amount of these two mainstream cryptocurrencies accounted for a large part.
🗣️Personal opinion:
This liquidation incident once again reminds us that the volatility of the cryptocurrency market is very large, and investors need to be very cautious. Especially in contract trading, the use of leverage may amplify gains, but it will also amplify losses.
Therefore, when investing in cryptocurrencies, especially when participating in contract trading, you must be aware of the risks. When the market fluctuates, stay calm and don't be confused by short-term ups and downs. Remember, be cautious when investing and don't put all your eggs in one basket. 🚀📉💡
👀What do you think? What impact will this explosion have on the market? Welcome to leave your opinions in the comment area.
