Ethereum (ETH) Has Increased In Liquidity In The Last 12 Hours
Key Points:
- Most leading digital currencies saw extraordinary liquidations when the markets turned abnormally gloomy in the morning. Coinglass shows that more than 28,300 traders have liquidated $45.89 million in total over the last 12 hours and more than $73 million over the last 24.
- With a total of 354.73 BTC liquidated for a total value of $5.91 million within the same time period, Bitcoin (BTC), whose liquidation data is the most frequently reported, comes in second place.
- Short traders dominated liquidations on Bitfinex, with OKX liquidations totaling $21.66 million during the previous 12 hours, a position that was 98.11% controlled by long positions.
Ethereum – Most leading digital currencies saw extraordinary liquidations when the markets turned abnormally gloomy in the morning. Coinglass shows that more than 28,300 traders have liquidated $45.89 million in total over the last 12 hours and more than $73 million over the last 24.
A crypto position’s liquidation is a complex but unpredictable market event that can occur at anytime. Short sellers are liquidated when the market is turning bullish, and long traders are liquidated when the market is turning bearish, as it is at the moment.
According to Coinglass, with almost 12.86K ETH tokens worth a total of $15.36 million liquidated during the last 12 hours, Ethereum (ETH) is the most liquidated digital currency. With a total of 354.73 BTC liquidated for a total value of $5.91 million within the same time period, Bitcoin (BTC), whose liquidation data is the most frequently reported, comes in second place. Astonishingly, Aptos (APT) tokens are among the top five most liquidated tokens, along with Dogecoin (DOGE), Solana (SOL), and other coins.
How well did exchanges
The statistics on liquidations revealed that the most significant single liquidation, with a value of $840.83K, took place on the BitMEX cryptocurrency trading platform. Top exchanges that had significant liquidations include Huobi Global, OKX, Binance, Bybit, and Binance.
Short traders dominated liquidations on Bitfinex, with OKX liquidations totaling $21.66 million during the previous 12 hours, a position that was 98.11% controlled by long positions. A measure of price performance over time is liquidity, and the more money removed from the market, the less probable it is that traders will invest more money. This is where market dynamics come into play, as a price collapse brought on by liquidation can also act as a launchpad for investors to build a fresh position in the sought-after coins.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Website: coincu.com
Annie
Coincu News
Author
Uncategorized
Ethereum (ETH) Has Increased In Liquidity In The Last 12 Hours
Key Points:
- Most leading digital currencies saw extraordinary liquidations when the markets turned abnormally gloomy in the morning. Coinglass shows that more than 28,300 traders have liquidated $45.89 million in total over the last 12 hours and more than $73 million over the last 24.
- With a total of 354.73 BTC liquidated for a total value of $5.91 million within the same time period, Bitcoin (BTC), whose liquidation data is the most frequently reported, comes in second place.
- Short traders dominated liquidations on Bitfinex, with OKX liquidations totaling $21.66 million during the previous 12 hours, a position that was 98.11% controlled by long positions.
Ethereum – Most leading digital currencies saw extraordinary liquidations when the markets turned abnormally gloomy in the morning. Coinglass shows that more than 28,300 traders have liquidated $45.89 million in total over the last 12 hours and more than $73 million over the last 24.
A crypto position’s liquidation is a complex but unpredictable market event that can occur at anytime. Short sellers are liquidated when the market is turning bullish, and long traders are liquidated when the market is turning bearish, as it is at the moment.
According to Coinglass, with almost 12.86K ETH tokens worth a total of $15.36 million liquidated during the last 12 hours, Ethereum (ETH) is the most liquidated digital currency. With a total of 354.73 BTC liquidated for a total value of $5.91 million within the same time period, Bitcoin (BTC), whose liquidation data is the most frequently reported, comes in second place. Astonishingly, Aptos (APT) tokens are among the top five most liquidated tokens, along with Dogecoin (DOGE), Solana (SOL), and other coins.
How well did exchanges
The statistics on liquidations revealed that the most significant single liquidation, with a value of $840.83K, took place on the BitMEX cryptocurrency trading platform. Top exchanges that had significant liquidations include Huobi Global, OKX, Binance, Bybit, and Binance.
Short traders dominated liquidations on Bitfinex, with OKX liquidations totaling $21.66 million during the previous 12 hours, a position that was 98.11% controlled by long positions. A measure of price performance over time is liquidity, and the more money removed from the market, the less probable it is that traders will invest more money. This is where market dynamics come into play, as a price collapse brought on by liquidation can also act as a launchpad for investors to build a fresh position in the sought-after coins.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Website: coincu.com
Annie
Coincu News
Other Posts
Related Posts
Latest
Gate.io Shatters Records in Total Trading Volume in Q3 2024, with Its User Base Surpassing 17 Million
Dtec Announces Global Partnership with DÄ°ZAYNVIP to Elevate AI-Driven Mobility Design Â
Press Release
Gate.io Shatters Records in Total Trading Volume in Q3 2024, with Its User Base Surpassing 17 Million
