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.
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.
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.
Large-scale coin liquidations occur, market volatility intensifies
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.