The cryptocurrency market experienced a significant downturn in the past 24 hours, with a total contract liquidation of $252 million, according to data from Coinglass. This marks a notable increase in market volatility, with long orders accounting for $205 million and short orders accounting for $47.3531 million of the total liquidation.
Breakdown of Liquidation Figures
– The total contract liquidation: $252 million – Long orders: $205 million – Short orders: $47.3531 million – BTC liquidation: $51.1027 million – ETH liquidation: $39.9120 million
Market Trends and Outlook
The recent market fluctuations are a reflection of the ongoing volatility in the cryptocurrency market. As the market continues to evolve, investors are advised to stay informed and make decisions based on their individual risk tolerance and financial goals.
Disclaimer
This article is for informational purposes only and does not constitute investment advice. Readers are encouraged to conduct their own research and consult with a financial advisor before making any investment decisions.
Source: Panewslab.com
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