Currently, the cryptocurrency market is experiencing volatility, reflected in the falling prices of major assets and significant liquidations of trades.
Current Cryptocurrency Prices
Bitcoin (BTC) is trading at $101,881.32, down 0.65% in the last hour and 1.42% in the last 24 hours. Ethereum (ETH) has also seen a decline, falling 3.84% in the last hour and 4.48% over 24 hours to $2,301.69.
Other leading cryptocurrencies are also in the red. XRP is trading at $2.04, down 1.70% in the last hour and 3.29% over 24 hours. BNB is at $627.57, reflecting a 0.76% hourly and 2.27% daily decrease.
Solana (SOL) has dropped 2.47% in the last hour and 3.78% over the last 24 hours to $134.41. Tether (USDT) remains stable at $1.00.
Market Liquidation Volume
In the past 24 hours, there were 157,325 liquidations in the market, with a total value reaching $562.10 million. The majority of these liquidations were long positions, totaling $515.92 million, while short liquidations amounted to $46.18 million.
Breaking down the liquidations further:
* Last Hour: Total liquidations were $376.61 million, with $363.99 million in long liquidations and $12.62 million in short liquidations. * Last 4 Hours: Total liquidations reached $436.34 million, comprising $418.90 million in long liquidations and $17.45 million in short liquidations. * Last 12 Hours: Total liquidations stood at $512.07 million, with long liquidations at $483.95 million and short liquidations at $28.12 million.
The largest single liquidation order occurred on HTX, involving an ETH-USDT value of $9.15 million.
Investor Recommendations
Given the current market volatility, it is important to remain cautious, especially for those holding long positions. The analysis of market conditions indicates high instability, and investors should be prepared for potential further price changes.
The current situation in the cryptocurrency market underscores the need for strict risk management and a cautious approach to trading.
