Massive Liquidation of Futures Positions in Cryptocurrency Market

Massive Liquidation of Futures Positions in Cryptocurrency Market

user avatar

by Jesper Sørensen

a year ago

Made with AI


The cryptocurrency market has experienced a significant downturn, leading to massive liquidations of futures positions. According to the results published in the material, in just 24 hours, traders faced losses exceeding $102 billion as the market continued to decline.

Liquidation Overview

Among the liquidated positions, long positions accounted for $838 million, while short positions saw $184 million wiped out. This stark contrast indicates the intense pressure on both bullish and bearish traders amid the market's volatility.

Recent Liquidation Trends

In a particularly alarming trend, $246 million worth of positions were liquidated within the last hour alone. This rapid liquidation underscores the extreme fluctuations currently plaguing the cryptocurrency landscape, leaving many traders scrambling to manage their risk.

Despite the recent downturn in the cryptocurrency market, the mining sector has shown remarkable resilience, with hash rates reaching new heights. For more details, see the full article here.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Payward to Acquire Saldo Bank for European Banking Expansion

Payward, the parent company of Kraken, plans to acquire Lithuania-based Saldo Bank to enhance its banking capabilities and integrate banking products with crypto services.

user avatarMaria Fernandez

Germany's Sparkassen Group Begins Cryptocurrency Trading Rollout

Germany's Sparkassen savings bank group is starting a phased rollout of cryptocurrency trading within its existing banking app, beginning on October 19, 2023.

user avatarGustavo Mendoza

CME Group to Launch Bitcoin Cash and Uniswap Futures on October 19

CME Group has scheduled the introduction of Bitcoin Cash and Uniswap futures for October 19, providing institutional traders with more cryptocurrency markets.

user avatarRajesh Kumar

Ethereum's Glamsterdam Upgrade Scheduled for Hoodi Test Network

Ethereum's next major upgrade, Glamsterdam, is set to activate on the Hoodi test network on October 26, marking a significant step in testing changes to block production and execution costs.

user avatarMiguel Rodriguez

International Crackdown on West African Scam Networks Results in 28 Arrests

An international effort against West African scam networks has led to 28 arrests and the removal of over 37 million accounts linked to fraudulent activity.

user avatarLuis Flores

Stablecoin Payment Transactions Surge Despite Flat Supply

A new report reveals a significant increase in stablecoin payment transactions, contrasting with stagnant supply levels.

user avatarArif Mukhtar

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.