Liquidation Pressure in the Cryptocurrency Market Over 24 Hours

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In the past 24 hours, the cryptocurrency market has experienced significant movements in liquidation flows, reflecting volatility and shifts in trader positioning. According to consolidated data from Coinglass and ChainCatcher, the total liquidation volume reached $279 million, marking an intense period of risk adjustment among market participants.

Magnitude of Total Liquidations

The $279 million in liquidations during this period is distributed across two main segments. Long positions accounted for $170 million in liquidations, representing approximately 61% of the total, while short positions totaled $109 million, about 39% of the liquidated volume. This proportion indicates greater pressure on traders betting on price increases, suggesting a defensive market movement.

Dynamics Between Long and Short Positions

Comparative analysis of the liquidations reveals a significant imbalance between the two types of positioning. With long positions absorbing more than double the volume liquidated compared to short positions, the pattern indicates that optimistic investors faced greater losses during this period. This scenario is common during market corrections or cascading liquidations triggered by declines in major asset prices.

Bitcoin and Ethereum Under Pressure

The two largest assets in the cryptocurrency market experienced substantial impacts in liquidations. Bitcoin recorded $46.77 million in long position liquidations and $18.47 million in short positions, totaling approximately $65.24 million. Ethereum faced even more intense pressure, with $63.43 million liquidated in long positions and $25.69 million in short positions, summing to about $89.12 million in total liquidation volume.

The concentration of liquidations in these two assets reaffirms their importance in the market and demonstrates that price movements in Bitcoin and Ethereum tend to trigger cascading effects on leveraged positions within the global trading community. These data highlight the need for prudent risk management in the cryptocurrency market, especially during periods of high volatility in major pairs.

BTC-0,9%
ETH-1,51%
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