The cryptocurrency market experienced a significant wave of liquidation on December 30, with the entire network liquidating a total of $241 million in the past 24 hours. According to data from Coinglass, this liquidation was largely driven by long orders, which accounted for $194 million of the total.
Breakdown of Liquidation
– Long Orders: Long orders, which are bets that the market will rise, accounted for the majority of the liquidation, with $194 million in losses. – Short Orders: Short orders, which are bets that the market will fall, accounted for a smaller portion of the liquidation, with $46.69 million in losses.
Market Implications
The significant liquidation in the cryptocurrency market highlights the volatility and risk associated with investing in cryptocurrencies. As the market continues to fluctuate, investors and traders must remain vigilant and adjust their strategies accordingly.
Source: M.theblockbeats.info
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