$808 million contracts liquidated in 24 hours, BTC and ETH lead the decline

robot
Abstract generation in progress

【Crypto World】The past day has seen intense volatility in the crypto market. According to on-chain data, a large-scale liquidation wave has occurred across the entire contract market, with total liquidations reaching $808 million.

From the perspective of long and short positions, longs are under greater pressure—liquidations of long positions amount to $734 million, while short liquidations are only $73.58 million. What does this comparison tell us? The market is undergoing a correction, and long investors are suffering greater impacts.

BTC and ETH, as market barometers, performed notably. BTC’s single-day liquidation amount reached $217 million, followed closely by ETH at $138 million. The contract liquidations of these two major cryptocurrencies account for about 40% of the total liquidation volume, indicating how tense the market sentiment is.

Such large-scale liquidations often occur near key price levels, as a result of leveraged traders hitting stop-loss points. In the short term, the contract market will continue to fluctuate, presenting both risks and opportunities for strategic traders.

ETH-0,95%
View Original
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.
  • Reward
  • 7
  • Repost
  • Share
Comment
0/400
UncleWhalevip
· 5h ago
800 million liquidation? The longs were completely wiped out, haha
View OriginalReply0
BearMarketMonkvip
· 8h ago
Once again, liquidation happened. The bulls are truly stunned this time. It's the unlucky long traders getting liquidated, while the shorts are laughing to death. 8 billion just disappeared like that. Who dares to chase longs in this market? BTC and ETH lead the plunge, and the smaller altcoins behind them are even worse. The key price points are just slaughterhouses. The retail investors are still lining up inside. In the short term, I will keep selling off. I’ll wait for the bottom to buy in. That’s why I never use leverage. Staying alive and watching the show is the real winner.
View OriginalReply0
VitalikFanboy42vip
· 8h ago
Another day of long positions being slaughtered. Looking at these data, it's truly incredible. ETH broke 138 million and still dares to say it's just a correction? I think it's just a direct explosion. Brothers who are long, this wave is really tragic. Leverage, to put it simply, is just gambling with anger. That 217 million in BTC—I'm just wondering who has that much money to be wiped out. Using leverage at critical points is really a suicidal move; every time, someone fails to learn from past lessons.
View OriginalReply0
FallingLeafvip
· 8h ago
Another day of longs getting crushed, over 700 million just gone. Is it time for the leverage guys to collectively surrender again? This wave really makes me feel frustrated. Longs are so miserable, but shorts only crushed over 70 million? That doesn't seem quite right. BTC and ETH together nearly 350 million liquidated. Whose leverage ratio is this aggressive? This is just the daily life of the derivatives market, where risk and opportunity are always twin brothers. The key stop-loss waves at critical positions, always like this, getting a bit annoying. 8 billion dollars, just clear and done. Will the bottom-dippers regret again?
View OriginalReply0
SighingCashiervip
· 9h ago
Once again, I got liquidated. Oh my God. The long brothers have been cut again. BTC and ETH are falling together. Is this the rhythm of a collapse? Looking at that 800 million, I just want to laugh. No, I want to cry. Leverage is really poison.
View OriginalReply0
OnlyOnMainnetvip
· 9h ago
Another day of longs being slaughtered, 800 million liquidated is no small number. BTC and ETH, the two big brothers, both fell, it's really hard to watch. Leverage traders are paying their tuition again this time, where is the stop-loss? At this kind of node market, high leverage is really asking for death. The futures market is like this: some make a killing, while others are wiped out completely. The short positions only lost over 70 million, while longs were cut by more than 700 million, the gap is a bit outrageous. Will it continue to fluctuate in the short term? Then I’d better just watch the show. Another person will be out this time, so pitiful.
View OriginalReply0
StakeOrRegretvip
· 9h ago
He got wiped out again, the longs are really unlucky.
View OriginalReply0
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)