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Over $19 million in long liquidations occurred in the futures market, with a total exceeding $200 million over 24 hours.
According to real-time data from CoinAnk, PAnews has observed that in the cryptocurrency futures market, a series of large liquidation events have occurred in the past 24 hours. The market has seen a predominant retreat from long positions, with concentrated liquidations exceeding $19 million.
Bitcoin and Ethereum Liquidation Trends
Looking closely at the overall network liquidation trends, the total liquidation amount for Bitcoin has reached $50.04 million, while Ethereum’s total liquidation has surpassed $85.17 million. An unusual phenomenon is occurring where Ethereum’s clearance scale exceeds that of Bitcoin, indicating an active reallocation of asset liquidity in the market.
Comparison of Long and Short Position Liquidations
Analyzing the liquidation composition over the past 24 hours, liquidations from long positions have reached $196 million, significantly surpassing the $40.46 million in short position liquidations during the same period. The pressure to exit from long positions is leading the overall market liquidation trend, with total liquidations reaching $236 million. This liquidation pattern suggests a potential reversal from an upward trend.